Lastly, shares of the San Diego company rose 0.8% to $ 135.63, while Nvidia changed little to $ 713.50.
Cristiano Amon, Qualcomm’s incoming CEO, told the Telegraph that he would be willing to buy a stake in Arm along with a consortium of industry players if owner SoftBank SFTBY floated the company instead of selling it to Nvidia.
“If Arm has an independent future, I think it will find a lot of interest from many of the companies within the ecosystem, including Qualcomm, to invest in Arm,” Amon said, according to the Telegraph.
If Arm moves out of SoftBank “and enters the process of becoming a publicly traded company, [with] a consortium of companies that invest, including many of their clients, I think those are great possibilities, “said Amon.
Neither Qualcomm nor Nvidia, Santa Clara, California immediately responded to a request for comment. The Telegraph quoted Nvidia as saying that an initial public offering would slow down Arm’s development.
Oliver Dowden, the UK secretary of state for digital culture, media and sport, said in April that regulators were intervening in the semiconductor company’s proposed billion-dollar acquisition of Arm Ltd..
The group argued that the deal would give Nvidia control over a critical vendor that licenses essential chip technology to companies like Apple. (AAPL) – Get report, Amazon (AMZN) – Get report, Samsung SSNLF and Huawei.
Nvidia said last year that it had reached an agreement to acquire Arm from SoftBank. Last month, the company reported fiscal first quarter earnings and revenue that beat analyst expectations.
In January, the chipmaker unveiled more than 70 new laptops that will feature its latest hardware, as well as the GeForce RTX 3060 graphics card for desktops.
Qualcomm reported fiscal second-quarter results in April that beat analyst estimates.
Arm’s technology is used in chips that power billions of devices that are shipped each year, from smartphones to video cameras, hard drives and washing machines.