wish to take a stake in
Arm in the British chip designer’s upcoming initial public offering, CEO Cristiano Amon said.
The US chipmaker is interested in investing alongside its rivals, Amon told the TAUT in an interview. He added that Qualcomm could also join other companies in buying Arm if the consortium making the purchase was “big enough”.
Qualcomm (ticker: QCOM) has not yet spoken to SoftBank about a potential investment in Arm, Amon told the FT.
Japanese conglomerate SoftBank (SFTBY) in February scrapped the $40 billion sale of Arm to the US chipmaker
(NVDA) citing regulatory hurdles, and instead decided to list the company on the New York Stock Exchange.
Qualcomm shares rose 0.5% in premarket trading on Tuesday to $140.40.
Write to Lina Saigol at [email protected]