Following Nvidia’s announcement earlier this year that it would not be purchasing ARM, a British chip manufacturer, Qualcomm seems to be attempting to buy the SoftBank-backed business.
The chipmaker wants to create a consortium with Samsung and Intel to go through with the acquisition of ARM. Take a look at the information down below.
Qualcomm is interested in acquiring ARM!
In an interview with The Financial Times, Qualcomm CEO Christian Amon confirmed the company’s plans to buy ARM. Qualcomm might join a coalition with other industry heavyweights like Samsung and possibly Intel to buy the chip manufacturer, according to Amon.
“We’re interested in investing.” “It’s a really valuable asset, and it’s an asset that will be critical to our industry’s success,” Amon told the Financial Times.
The Qualcomm CEO said that the group of large corporations would remove most of the regulatory roadblocks that Nvidia encountered in its attempt to purchase ARM in 2020.
According to reports, the $40 million Nvidia-ARM agreement fell through because regulatory authorities deemed it anti-competitive.
“You’d need a lot more enterprises to participate,” Amon continued, “such that the net result is that ARM is independent.”
He also said that the prospective acquisition price would be rather expensive and that Qualcomm could be able to work out a deal with other consortium members to make the sale happen.
Also stated that Qualcomm’s CEO disliked the concept of Nvidia buying Arm and thought it was illogical.
For those who are unaware, Qualcomm is not the only business that has shown interest in acquiring ARM. Pat Gelsinger, Intel’s CEO, has already hinted at the possibility of establishing a coalition to buy ARM.
Furthermore, Gelsinger was recently seen meeting with a high-ranking Samsung official and the company’s semiconductor division’s senior executives.
It’s also worth mentioning that ARM’s parent firm, SoftBank Group, is not aiming to sell the business. It is now concentrating on making Arm available to the general public.
That isn’t to say that one can’t attempt! As a result, the firms may create a consortium and sign a deal with SoftBank to purchase ARM in the future.
If the purchase goes through, it will be interesting to watch how this would affect the chipset market! We recommend that you keep an eye on our platform for the most up-to-date information on the subject.
Also, let us know what you think of Qualcomm’s ARM acquisition in the comments section below.