Intel is in talks with SoftBank Group’s Arm to be an anchor investor in the chip maker’s initial public offering (IPO), Reuters news report said.
Arm plans to sell its shares on Nasdaq later this year, seeking to raise $8-$10 billion.
Arm’s designs are used to manufacture chips made by most of the world’s major semiconductor companies, including Intel, AMD, Nvidia and Qualcomm. It was not immediately clear what impact any IPO investment by one or more of those companies would have on Arm’s commercial relationships.
The chipmaker had filed with regulators confidentially for a U.S. stock market listing in April, setting the stage for this year’s largest IPO.
