Qualcomm, an American chip manufacturer, hopes to join its competitors in taking a stake in arm, forming a consortium to maintain the neutrality of the British chip design company in the highly competitive semiconductor market. After NVIDIA failed to acquire arm with us $66billion earlier this year, Softbank, a Japanese conglomerate, plans to list arm on the New York Stock Exchange. However, given arm's key role in the global technology industry, the IPO raised concerns about the company's future ownership.
Cristiano Amon, CEO of Qualcomm, said in an interview: "we are the stakeholders of this investment. This is a very important asset and is crucial to the development of our industry." Qualcomm is one of arm's largest customers
He added that if the Consortium for the acquisition is "large enough", Qualcomm may join hands with other chip manufacturers to directly acquire arm. This move may eliminate the external concerns about the company's control right after arm's future listing. "You need to have a lot of companies involved so that arm can have an independent net effect." An Meng said. He said that investing in arm with competitors would "support a successful IPO and valuation" and ensure that the company continued to "work hard and invest".
This statement of anmeng will provide new impetus for the idea that the consortium composed of chip manufacturers will become the cornerstone investor of arm. Intel CEO pat Gelsinger said earlier this year that the company might support this initiative. Earlier, some British politicians called on the government to acquire arm's "gold shares" and recognize the company's position as a key strategic asset in the UK.