Arm is talking to at least ten companies, including Intel Corp, Alphabet Inc , Apple Inc., Microsoft Corp., TSMC , and Samsung Electronics Co Ltd., about their potential participation in the IPO, one of the sources said.
The talks are preliminary and any decision about an anchor investment in Arm’s IPO won’t come till August, the source added. The investment would not come with any board seat or control, according to the source.
Arm plans to sell its shares on Nasdaq later this year, seeking to raise $8 billion-$10 billion, Reuters reported earlier in April.
Arm’s designs are used to manufacture chips made by most of the world’s major semiconductor companies, including Intel, AMD, Nvidia and Qualcomm. It was not immediately clear what impact any IPO investment by one or more of those companies would have on Arm’s commercial relationships.
The chip designer had filed with regulators confidentially for a U.S. stock market listing in April, setting the stage for this year’s largest IPO.
Discover the stories of your interest
Arm and Intel declined a Reuters request for comment. Bloomberg News first reported on the cornerstone investment deliberations. Alphabet, Apple, Microsoft, TSMC and Samsung didn’t immediately respond to requests for comment.
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.