Intel Becomes Latest Investor in Arm Holdings Alongside Apple, Alphabet, and Samsung
According to Tom’s Hardware, Intel has recently joined the list of companies investing in Arm, which already includes Samsung, Alphabet, Nvidia, and others. This decision coincides with Softbank’s preparations for Arm’s initial public offering (IPO), where they plan to offer 95.5 million shares at a price range of $47 to $51 per share. Arm is currently valued at $52 billion, surpassing the failed deal in 2022 to sell Arm to Nvidia for $40 billion, which faced obstacles such as a lawsuit from the Federal Trade Commission seeking to prevent it.…
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