Apple and Samsung to invest in SoftBank's Arm at IPO -Nikkei

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Apple and Samsung to invest in SoftBank's Arm at IPO -Nikkei
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TOKYO : Apple and Samsung Electronics will invest in SoftBank Group-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

TOKYO : Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering , expected in September, Japan's Nikkei newspaper reported on Tuesday.

Last month, Reuters and other media reported that Arm was in talks to bring in U.S. chip designer Nvidia as an anchor investor for the New York listing. The long-awaited IPO is seen as a potential windfall for Masayoshi Son's sprawling tech conglomerate.

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