Arm CEO says Nvidia merger better than going public

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Nvidia Corp's (NVDA.O) proposed $40 billion acquisition of Arm Ltd would better support the creation of UK technology jobs than the SoftBank Group Corp (9984.T) unit becoming a standalone public company once again, Arm's chief executive said on Friday.

"We contemplated an IPO but determined that the pressure to deliver short-term revenue growth and profitability would suffocate our ability to invest, expand, move fast and innovate," Arm CEO Simon Segars wrote in a"Combining with Nvidia will give us the scale, resources and agility needed to maximize the opportunities ahead," Segars wrote.and other media outlets that Qualcomm was open to investing in an initial public offering by Arm if the Nvidia deal falls apart.

Nvidia last year announced its plan to acquire Cambridge, England-based Arm, long a neutral supplier of chip design technology, from the Japanese conglomerate, which does not own any other chip companies.have argued that allowing Arm to be owned by one chip company could cause it to focus on technologies that benefit its owner rather than the broader industry.SoftBank bought Arm for $32 billion in 2016, betting on a surge in what are called internet-of-things chips.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Might be better for him, not better for consumers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SK Innovation CEO says considering spin off and potential IPO of battery businessSK Innovation Co Ltd (096770.KS) Chief Executive Officer Kim Jun said on Thursday the South Korean company is considering a spin off and a potential listing of its battery business as it also announced plans to boost battery production.
Source: Reuters - 🏆 2. / 97 Read more »