The Clap
U.S. semiconductor company Qualcomm (NASDAQ: QCOM) is looking to acquire a stake in soon-to-be-listed Arm.
Backstory
Japanese conglomerate SoftBank plans to list Arm, its subsidiary, on the New York Stock Exchange this year.
Earlier this year, graphics processing units (GPUs) manufacturer “Nvidia” attempted to acquire Arm but the deal fell through. Regulators said a Nvidia-Arm deal would create uneven access to Arm’s technology between Nvidia & other companies, thereby reducing competition.
More on Arm
Arm designs the architecture used in highly efficient chips that power smartphones, hard drives, & other devices.
The deets
Qualcomm’s CEO says his company is interested in investing in Arm, a company he sees as “essential to the development of the industry”. He added that acquiring Arm outright is a possibility, if there is a consortium big enough to facilitate a deal.
Arm’s technology is all over the world
It’s easy to see why Arm is so crucial to the industry, as Arm-designed chips are in most smartphones around the world, & make their way to countless cars, data centers, & even TVs.
