Softbank Seeking A "Strategic Alliance" Between Samsung Electronics and ARM?
Masayoshi Son is seeking a "strategic alliance" between Samsung and ARM. Son plans to visit Korea next month to meet with Lee Jae-Yong to discuss a strategic alliance between Samsung and ARM.
According to Nikkei newspaper, Apple and Samsung Electronics plan to invest in SoftBank Group owned chip designer Arm at its initial public offering (IPO) which is expected to be completed in September 2023. This IPO is expected to raise between $8 billion and $10 billion.
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