Tuesday, April 16, 2024
HomenewsChipmaker Arm readies for IPO, customers like Apple, Google, NVIDIA, and AMD...

Chipmaker Arm readies for IPO, customers like Apple, Google, NVIDIA, and AMD to invest

Chipmaker Arm readies for IPO, customers like Apple, Google, NVIDIA, and AMD to invest

Arm Holding Ltd. is going for an IPO.

Arm Holding Ltd., the corporate firm behind chipmaker Arm, is gunning for an IPO (initial public offering), where it will offer its shares on a publicly traded market. Its customers — Apple, NVIDIA, Google, and AMD — have all agreed to invest in its IPO.

As reported by Reuters, SoftBank Group Corp. (the owner of Arm) has a target valuation of US$50-55 billion for its IPO. The customers of its chips are looking at investments of anywhere between US$25 to US$100 million a piece, with 10% of shares likely set aside for these clients to purchase.

It’s not just Arm’s clients who want in on the pie. Other technology titans, like Intel, Samsung Electronics, and Cadence Design Systems (software designer for system-on-chips) are also taking part in the IPO as investors.

The Reuters report also said that Amazon has pulled out of IPO investment talks with Arm. Qualcomm, which at one point wanted to form a consortium to buy Arm, is also surprisingly not mentioned in the report.

Source: Reuters

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