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Nvidia expresses interest in SoftBank's chip company Arm Holdings
[TOKYO] SoftBank Group Corp's chip company Arm Holdings has gathered takeover interest from Nvidia Corp, Bloomberg News reported citing people familiar with the matter.
Nvidia and SoftBank did not immediately respond to requests for comment, while Arm declined to comment on the report.
SoftBank, which acquired Arm for US$32 billion in 2016, is exploring options including a full or partial sale or a public offering of the British chip designer, the Wall Street Journal reported last week.
The Japanese conglomerate had recently approached Apple to gauge its interest but the latter is not planning to pursue a bid, Bloomberg reported, citing people familiar with the matter.
Arm's licensing operation would fit poorly with Apple's hardware and software focused business model and there may also be regulatory concerns about Apple owning a key licensee that supplies so many rivals, according to the report. Apple did not immediately respond to Reuters' request for comment.
SoftBank last month unveiled a series of transactions to divest more than US$21 billion worth of stock in US wireless carrier T-Mobile US, as it seeks funding for a US$41 billion share buyback and debt reduction plan.