Apple, Samsung, and Intel to invest in Arm IPO, and emerge with some control: report
As it happens, SoftBank reported its Q1 2023 results on Tuesday and in the earnings call CFO Yoshimitsu Goto stated"Vision Fund will not only invest in public companies but also private companies as well, which includes Arm" before adding"When Arm is listed and when its valuation is appreciated by the market, I believe that Arm will contribute to Vision Fund a lot."
SoftBank also repeated its previous observation that Arm has filed preliminary paperwork with the US Securities and Exchange Commission, without specifying the size and price range for any public offering.in May 2023, when the draft was revealed, SoftBank's proposal appeared to be structured so it will retain control of Arm.
Back to those SoftBank results: Arm produced $641 million of license and royalty revenue for the quarter, down from $719 million in Q1 2022. The conglomerate also told investors it is going on the offense, having recently splashed out over $1.8 billion after making almost no investments in 2022, and plans to make more investments soon.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
The Samsung Galaxy S23's overclocked chipset is now in a non-Samsung phoneThe best of the Snapdragons is no longer a Samsung exclusive.
Læs mere »
Argos shares 'lowest prices yet' for laptops aimed at new university studentsBrands like Samsung, ASUS, Apple and more have been included in the Argos sale.
Læs mere »
Baldur's Gate 3 FSR 2.2 upgrade likely to drop 'closer to September 6'Baldur's Gate 3 set to receive a much needed upgrade to FSR 2.2 soon.
Læs mere »
China’s CPU champ Loongson is four years behind IntelChina's great CPU hope – Loongson – finds it's only four years behind Intel
Læs mere »
SoftBank/AI: strong Arm narrative exploits market’s machine longing\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Læs mere »
'I thought my education was over': Exam joy for Glasgow teen who lost arm to cancerAN EAST End teenager who missed three years of school and had her arm amputated because of cancer is off to Glasgow University to study law.
Læs mere »