Amazon joins Nvidia and Intel as it plans to spend billions on chip designer Arm once it goes public

ARM logo exhibited at ARM stand during the Mobile World Congress (MWC).



Amazon is looking to raise between $8 and $10 billion as it actively engages in talks with other tech companies to become the anchor investor for SoftBank’s Arm ahead of its potential initial public offer (IPO). That could materialize as soon as September, as reported by Reuters.

SoftBank plans to apply to the US Securities and Exchange Commission (SEC) for the listing later this month before getting approval from the Nasdaq. Nikkei Asia reports that Apple, Samsung Electronics, Nvidia, and Intel will invest in Arm as soon as the company is listed on the market. Amazon plans to raise as much as $10 billion, making it the ARM IPO’s anchor investor. 

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