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Apple and Samsung to Invest in Softbank-Owned Chip Firm Arm at IPO: Report

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Apple, Samsung, Nvidia and Intel to Invest in SoftBank Group-Owned Chip Firm Arm at IPO: Report

Apple and Samsung Electronics will invest in SoftBank Group-owned chip designer Arm at its initial public offering (IPO), expected in September, Japan’s Nikkei newspaper reported on Tuesday.

Reuters reported in June that Arm was in talks with some ten companies – including Apple, Samsung, and Intel – with the aim of bringing on one or more anchor investors in the offering.

Last month, Reuters and other media reported that Arm was in talks to…

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