Apple and Samsung to invest in SoftBank’s Arm at IPO

Apple (AAPL.O) and Samsung Electronics (005930.KS) will invest in SoftBank Group (9984.T)-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan’s Nikkei newspaper reported on Tuesday.

Reuters reported in June that Arm was in talks with some ten companies – including Apple, Samsung and Intel (INTC.O) – with the aim of bringing on one or more anchor investors in the offering.

Last month, Reuters and other media reported that Arm was in talks to bring in U.S. chip designer Nvidia (NVDA.O) as an anchor investor for the New York listing.

Apple, Samsung, Nvidia and Intel all plan to invest in Arm as soon as it is listed on the market, the Nikkei said. The SoftBank-owned firm will officially apply to the U.S. Securities and Exchange Commission for the listing later this month, the newspaper said.

Arm plans to sell the chipmakers stakes of “a few percent each”, the newspaper said.

SoftBank declined to comment. Apple and Intel did not immediately respond to Reuters requests for comment, while Samsung and Nvidia declined to comment.

The long-awaited IPO is seen as a potential windfall for Softbank founder and CEO Masayoshi Son’s sprawling tech conglomerate.

This report’s information was first seen on REUTERS; to read more, click this link.