SoftBank CEO Son seeking ‘strategic alliance’ between Arm and Samsung

SoftBank’s CEO, Masayoshi Son, is weighing various options for the chipmaker arm after backing out of buying Nvidia.

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Soft Bank Chief Executive Officer Masayoshi Son said he wanted a “strategic alliance” between the chipmaker arm owned by the Japanese company and South Korean technology companies. Samsung.

“I intend to visit Korea. I am looking forward to visiting Korea for the first time in three years. I would like to talk to Samsung about a strategic alliance with Arm,” Son said in a statement.

There were no further details provided by SoftBank on what a strategic alliance would entail, but it could represent a major shift in strategy for Son and his vision for the weapon.

Samsung declined to comment when contacted by CNBC.

SoftBank acquired UK-headquartered ArmOne of the world’s most important chipmakers, Son said this is important to the company’s long-term vision as more and more devices connect to the Internet in 2016.

Since then, SoftBank has been trying to sell its arm to the chipmaker Nvidia But the The deal fell through in February.

Son is now pushing toward a public listing for Arm, preferably in New York. But the UK government wants Arm to list in London. SoftBank’s arm wants to hold a majority stake in the company Following the initial public offering.

Samsung Vice President Lee Jae-yong plans to visit his son on a visit to South Korea on Wednesday, The Korea Herald reported.

Lee said that the son “might come up with such a plan” regarding Arm, but admitted that he “doesn’t know what it is,” according to a report by The Korea Herald.

The ARM chip architecture is behind many of the world’s smartphone processors Apple And Samsung.

Other companies are also said to be interested in buying shares in Arm. Cristiano Amon, CEO of the American chipmaker Qualcomm, said The company was an “interested party to invest” in Arm earlier this year.

There is also speculation about a consortium model where multiple companies are part of the group investing in Arm.

SoftBank is under pressure to cash in on Arm after its flagship technology investment business, Vision Fund posted record losses in its last financial year. SoftBank sold its entire stake in the American ride-hailing company Uber In the second quarter and Regulated its shares In a Chinese e-commerce company AlibabaTo raise money.

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