The reason behind it is Soft Bank’s move to list Arm on the New York Stock Exchange after Nvidia’s 66 billion dollar purchase collapsed earlier this year. This raised a concern about the future ownership of Arm as it has a very important role to play in the global technology sector. “We are an interested party in investing. It’s a very important asset and it’s an asset which is going to be essential to the development of our industry,” Christiano Amon, Qualcomm’s Chief Executive said. He believes that since Qualcomm is Arm’s one of the biggest customers, it can join the other chipmakers to buy Arm outright in the consortium is adequate. ALSO READ: First Batch Of Titles For Xbox Game Pass June 2022 Revealed ALSO READ: Moto E32s launched in India with 90Hz display and Helio G37 at Rs 8,999 Amon’s idea is that they can get around regulatory hurdles if many companies become a part of this consortium. “You would need to have many companies participating so they have a net effect that ARM is independent.” He feels the potential purchase price will be high enough and thus Qualcomm might strike a deal with the other members that was big enough. Intel’s CEO also floated the same idea of putting together a consortium to acquire Arm. He also met with Samsung Group about the proposal. Whether a deal of this level will materialize or not remains to be seen, but it is a possibility. A consortium made of Arm’s biggest customers would definitely ease the concerns the regulators may have, allowing the deal to finalize. However, if the deal has to be considered seriously, then Samsung will have to be a part of this discussion.
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