SoftBank is still looking to offload ARM after the failed acquisition bid from Nvidia. Qualcomm is interested, but after regulators killed the Nvidia deal over concerns that it will harm competition, there is no hope for a straight acquisition. The plan is to build a consortium of companies, each of which will own a small chunk of ARM. “You’d need to have many companies participating so they have a net effect that ARM is independent,” CEO Cristiano Amon told the Financial Times. While these companies negotiate between themselves, SoftBank is reportedly planning to do an IPO but keep a controlling share.

Source: The Nation June 02, 2022 18:06 UTC