Amazon.com is in discussions to join other technology firms as a cornerstone investor in SoftBank Group Corp.'s Arm Ltd prior to the company's initial public offering (IPO), according to reports quoting sources with information of the matter.
The IPO's probable participation by Amazon, which hasn't been previously revealed, highlights Arm's importance in cloud computing. The cloud division of the internet behemoth, Amazon Web Services, uses Arm's concept to create its own processing chip, the Graviton.
According to one of the persons, Arm intends to list on the Nasdaq in the first few days of September. According to Reuters, the corporation is looking to raise $8 billion to $10 billion.
There were no comments available from Arm and Amazon.
According to Reuters, Arm has been in discussions about an investment with approximately 10 technological giants, including Intel, Alphabet, and Nvidia. According to the sources, neither a board seat nor any control will be awarded to these investors.
According to one of the individuals, Arm is hopeful that enlisting cornerstone investors will improve its ties with important clients and increase interest in the IPO.
After many of its bets on technology businesses failed, the IPO is anticipated to be a much-needed windfall for SoftBank, which is fighting to turn around its sizable Vision Fund.
Since its deal to sell the chip designer to Nvidia for $40 billion fell through last year due to concerns from American and European antitrust regulators, SoftBank has been aiming for an Arm IPO.
Since then, Arm's company has done better than the larger semiconductor industry since it focuses on personal PCs and data centre servers, which bring in higher royalty payments.
(Source:www.bloomberg.com)
The IPO's probable participation by Amazon, which hasn't been previously revealed, highlights Arm's importance in cloud computing. The cloud division of the internet behemoth, Amazon Web Services, uses Arm's concept to create its own processing chip, the Graviton.
According to one of the persons, Arm intends to list on the Nasdaq in the first few days of September. According to Reuters, the corporation is looking to raise $8 billion to $10 billion.
There were no comments available from Arm and Amazon.
According to Reuters, Arm has been in discussions about an investment with approximately 10 technological giants, including Intel, Alphabet, and Nvidia. According to the sources, neither a board seat nor any control will be awarded to these investors.
According to one of the individuals, Arm is hopeful that enlisting cornerstone investors will improve its ties with important clients and increase interest in the IPO.
After many of its bets on technology businesses failed, the IPO is anticipated to be a much-needed windfall for SoftBank, which is fighting to turn around its sizable Vision Fund.
Since its deal to sell the chip designer to Nvidia for $40 billion fell through last year due to concerns from American and European antitrust regulators, SoftBank has been aiming for an Arm IPO.
Since then, Arm's company has done better than the larger semiconductor industry since it focuses on personal PCs and data centre servers, which bring in higher royalty payments.
(Source:www.bloomberg.com)
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