"First, the departures of the two British ministers mean a lot because they were strong supporters in backing Son's idea for Arm's London initial public offering (IPO). Its founder Son needs Samsung's support for Arm's successful U.S. listing process," a senior industry executive said via telephone, asking not to be named. Samsung could play role of financial investorSimply put, SoftBank is in severe financial trouble because of the global sell-off of technology stocks. Gains made through its investment arm, Vision Funds, in tech startups including Alibaba, Coupang and Doordash were almost wiped out. Samsung may take a role as a financial investor through the participation of Arm's U.S. IPO process by purchasing large volumes of new shares, for example," the executive added.

Source: The Times September 26, 2022 06:38 UTC