All Things Newz
Business

SoftBank to discuss Arm ‘strategic alliance’ with Samsung


Article content

TOKYO — SoftBank Group Corp founder and CEO Masayoshi Son will discuss a “strategic alliance” between chip designer Arm and Samsung Electronics during the billionaire’s first visit to South Korea in three years.

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

Article content

The visit comes amid speculation by analysts and media over the potential formation of an industry consortium to buy Arm.

SoftBank has outlined plans to list the chip designer in the United States as it looks to raise cash after booking a huge loss at its Vision Fund investment arm. (Reporting by Sam Nussey; Editing by Muralikumar Anantharaman)



Source link

Related posts

‘Raging Fire’ wins best film at Hong Kong Film Awards

EXPLAINER: Lower prescription prices to take time in new law

Oil prices rebound on supply concerns after drop to near 6-month low