Qualcomm Wants To Buy a Stake in Arm Alongside Its Rivals

The US chipmaker Qualcomm wants to buy a stake in Arm alongside its rivals and create a consortium that would maintain the UK chip designer's neutrality in the highly competitive semiconductor market. From a report: Japanese conglomerate SoftBank plans to list Arm on the New York Stock Exchange after Nvidia's $66 billion purchase collapsed earlier this year. However, the IPO has sparked concern over the future ownership of the company, given its crucial role in the global technology sector. "We're an interested party in investing," Cristiano Amon, Qualcomm's chief executive, told the Financial Times. "It's a very important asset and it's an asset which is going to be essential to the development of our industry." He added that Qualcomm, one of Arm's biggest customers, could join forces with other chipmakers to buy Arm outright if the consortium making the purchase was "big enough." Such a move could settle concerns over the corporate control of Arm after the upcoming IPO. "You'd need to have many companies participating so they have a net effect that Arm is independent," he said.

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