Apple and Samsung to invest in SoftBank’s Arm at IPO -Nikkei

TOKYO -AppleandSamsungElectronics willinvestin SoftBank Group-owned chip designerArmat its initial public offering (IPO), expected in September, Japan'sNikkeinewspaper reported on Tuesday. Reuters reported in June thatArmwas in talks with some ten companies - includingApple,SamsungandIntel - with the aim of bringing on one or more anchorinvestors in the offering. Last month, Reutersandother media reported thatArmwas in talks to bring in U.S. chip designer Nvidia as an anchorinvestor for the New York listing. Apple,Samsung, NvidiaandIntel all plan toinvestinArmas soon as it is listed on the market, theNikkeisaid. The SoftBank-owned firm will officially apply to the U.S. Secur...

Keep on reading: Apple and Samsung to invest in SoftBank’s Arm at IPO -Nikkei

from INQUIRER.net https://ift.tt/ExZ1zkX