Japanese billionaire, SoftBank Group Corp founder, and CEO Masayoshi Son will discuss a “strategic alliance” between chip designer Arm and Samsung Electronics. The visit coincides with rumours about the establishment of an industry coalition to invest in Arm. According to South Korean newswire News1, Samsung Vice Chairman Jay Y. Lee, Son “may make a suggestion.” According to Yonhap, Samsung competitor SK Hynix has also indicated interest in Arm.
In the Report gathered by NewsOTG Editorials, Vice Chairman Park Jung-ho stated in March that the chipmaker was exploring establishing a consortium to acquire Arm. SoftBank CEO Masayoshi Son has revealed intentions to float his company’s semiconductor business, Arm Holdings, on the New York Stock Exchange. The company might be listed on the New York Stock Exchange in a pre-IPO format before becoming public next year.
Monetising Arm has become a top priority for officials at the tech firm SoftBank. Attempts to list the chip inventor come as dealmaking has dropped dramatically this year, with markets uncertain owing to increasing interest rates and Russia’s invasion of Ukraine. The Philadelphia SE Semiconductor Index is down around one-third year to date.