Last September, NVIDIA, a renowned name in graphics chips powering video games announced that the company was officially be starting the process of acquiring ARM Holdings from SoftBank for $40 billion but the deal hasn’t been approved or shut down by the regulators. A few months ago, the UK government decided to block the deal, thereby leading to fair chances that the deal could be ultimately fall through.
The latest news in the tech world is that Qualcomm has shown interest in investing in ARM if NVIDIA purchase is blocked by the regulators. The chief executive of Qualcomm, Cristiano Amon announced that the company would be willing to buy a stake in ARM alongside other industry investors if SoftBank listed the company on the stock market instead of selling it to NVIDIA. Amazon and Tesla are the other companies that too have made the offer of investing in Arm.
While making the announcement, Cristiano Amon said:
“If it moves out of Softbank and it goes into a process of becoming a publicly-traded company, [with] a consortium of companies that invest, including many of its customers, I think those are great possibilities. We will be open to it, and we have had discussions with other companies that feel the same way.”
Currently, UK Competition and Markets Authority is investigating the NVIDIA deal to acquire ARM. Besides, the multi-billion US Dollar from NVIDIA has been under scrutiny from various rival firms and regulators. Other than the regulators, other tech companies such as Microsoft and Google had previously expressed their concerns as to whether or not NVIDIA’s acquisition could lead to supply being limited or prices being raised.