Amazon is in talks to become a cornerstone investor in Arm when SoftBank floats the microchip company in New York.
The American powerhouse has joined rival technology groups in expressing an interest in participating in Arm’s intitial public offering in September.
Arm has been in talks with investors about backing the float as it seeks to raise between $8 billion and $10 billion by listing shares on the Nasdaq stock exchange in the next few weeks.
Apple, Samsung, Nvidia and Intel also plan to invest in the chip designer when it comes to market, according to The Nikkei, the Japanese newspaper. Arm’s valuation for the hotly anticipated float has not been set, but it is said to be targeting a valuation of up to
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