(Reuters) -Intel is in talks with SoftBank Group Corp’s Arm to be an anchor investor within the chip maker’s preliminary public providing (IPO), a supply aware of the matter advised Reuters on Monday.
Arm plans to promote its shares on Nasdaq later this 12 months, searching for to lift $8-$10 billion, Reuters reported earlier in April.
Arm’s designs are used to fabricate chips made by a lot of the world’s main semiconductor firms, together with Intel, AMD, Nvidia and Qualcomm. It was not instantly clear what affect any IPO funding by a number of of these firms would have on Arm’s business relationships.
The chipmaker had filed with regulators confidentially for a U.S. inventory market itemizing in April, setting the stage for this 12 months’s largest IPO.
Arm and Intel declined to a Reuters request for remark.
(Reporting by Anirban Sen in New York and Yana Gaur in Bengaluru; Enhancing by Rashmi Aich and Dhanya Ann Thoppil)