SoftBank didn't talk to Samsung about investments in Arm

SoftBank didn't talk to Samsung about investments in Arm

Last month, SoftBank's CEO, who now owns Arm's assets, announced his willingness to discuss with Samsung Electronics leadership the formation of a strategic alliance for the British designer of the processor architecture, a meeting in Seoul in early October, but there was no agreement on Samsung's investment in Arm.

Remember that interest in such an alliance was shown by the leadership not only of Samsung Electronics, but also of SK hynix. In turn, in the spring of this year, NVIDIA abandoned its intention to buy Arm because of pressure from British authorities and competition authorities, after which SoftBank began to look for opportunities to take Arm's assets to the stock market. Until 2016, when Arm was sold by Japanese SoftBank for $32 billion, the British developer of processor architectures remained a public company. Now, the British authorities are trying to persuade SoftBank to double up Arm shares in the US and England stock areas, respectively. So far no decision has been taken by SoftBank management.

According to Reuters, with reference to the publication in Korean edition of LongAng, at the SoftBank, Arm and Samsung Electronics management meeting in Seoul, the current asset owner of the second company did not make any investment proposals in its capital. Otherwise, Samsung could have received a stake in either before they were publicly placed or after agreeing to invest in Arm ' s assets. The prospects for public equity in the current macroeconomic environment are very vague, so that an Arm-friendly company, SoftBank, can postpone this move to a better time.