You are here

Nvidia expresses interest in SoftBank's chip company Arm Holdings

file7aoizevqbn9otx9uisk.jpg
SoftBank Group Corp's chip company Arm Holdings has gathered takeover interest from Nvidia Corp.

[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.

Your feedback is important to us

Tell us what you think. Email us at btuserfeedback@sph.com.sg

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.

REUTERS

 

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes