SoftBank is reportedly considering financial options for chip designer Arm Holdings.
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The Japanese conglomerate SoftBank is examining the possibility of a complete or partial sale or IPO of chips Designer Arm Holdings, the Wall Street Journal reported on Monday. SoftBank bought the UK-based arm four years ago for nearly $ 32 billion.
ARM isn't as well known as mega-chip companies like Qualcomm and Intel, but its work is behind the processors in many cell phones around the world.
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Apple announced it would do so in June, close cousins to those it designs for its own iPhones and iPads. With the announcement, Apple moved away from the Intel processors that have been used for the past 14 years.
Arm licenses designs to companies like Qualcomm, but also licenses its chip instruction set – the collection of command software that can be used to control it – to companies like Apple that design their own designs. Arm's designs are also used as the basis for chips from Samsung and Nvidia.
SoftBank bought Arm in 2016 with the intention of.
Goldman is reportedly advising SoftBank on the review of financial options. It wasn't immediately clear how much financial interest the company was generating, and a source told SoftBank magazine that it could choose not to pursue any of these options.
SoftBank did not immediately respond to a request for comment. Arm declined to comment.
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