Home » Qualcomm expresses interest in acquiring ARM via consortium

Qualcomm expresses interest in acquiring ARM via consortium

After the failure of the Nvidia takeover attemptnow it’s Qualcomm who have expressed interest in acquire ARM through a consortium before the company can go public.

This information is not really new, and it is that in the past other many companies have shown interest in taking the same stephaving sounded in the past companies like TSMC, Foxconn, Apple, Samsung or SK Hynix as the main interested in joining other companies to take a piece of the pie, but really none of them have made a firm offer for formalize the joint acquisition.

ARM x Qualcomm

That’s why now, in a statement to the Financial Times, Qualcomm CEO Cristiano Amon has come out in favor of a consortium buying ARM from parent company SoftBank. The Japanese conglomerate paid around $26 billion for ARM in 2016 and now plans to capitalize on its investment with an initial public offering by the UK-based company which is expected to take place before the end of 2023.

Of course, it won’t be an affordable acquisition, since Nvidia’s purchase offer was $66 billionwhich is even less than the 80,000 million SoftBank hopes to get from the IPO.

“It’s a very important asset and it’s an asset that is going to be essential for the development of our industry,” said Cristiano Amon, CEO of Qualcomm.

Qualcomm’s stance on the chip design company was echoed by Intel CEO Pat Gelsinger, who said he also sees value in an industry-led consortium pooling resources to acquire ARM in a way that would keep crucial company intellectual property away from proliferation. of any player in the technology industry, as was the case with Nvidia.

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