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Intel reportedly in discussions to 'cornerstone' Arm IPO

Published 13/06/2023, 08:41
© Reuters.  Intel reportedly in discussions to 'cornerstone' Arm IPO
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Proactive Investors - Intel Corporation (NASDAQ:INTC) is reportedly in discussions with SoftBank Group to become the lead investor in Arm Holdings' upcoming initial public offering (IPO).

This is according to Reuters, citing sources familiar with discussions. Neither side would comment on the story.

Planning to list its shares on Nasdaq later this year, Arm is eyeing a substantial capital raise in the range of US$8-$10bn.

The widespread influence of Arm's designs, used by the majority of global semiconductor producers, including Intel itself, AMD, Nvidia and Qualcomm (NASDAQ:QCOM), will guarantee a lot of industry interest in the American float.

Arm filed for a US stock market listing in April, laying the groundwork for what could be this year's biggest IPO.

Read more on Proactive Investors UK

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