Samsung Denies Interest in Arm Holdings Stake

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Samsung Electronics on Tuesday denied a media report that it’s contemplating purchasing a small stake in SoftBank Group’s chip firm ARM Holdings.

The Korea Times newspaper reported Samsung’s curiosity in purchasing a minority stake of between three p.c and 5 p.c within the British chip designer as a method to cut back its royalty cost, citing an nameless business official.

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Samsung mentioned the report was “groundless”.

ARM, the British chip automation agency, licenses its chip designs and automation to corporations like Qualcomm, Apple, and Samsung, which in flip use that automation of their chips for smartphones and different units.

SoftBank is at the moment negotiating phrases with US chipmaker Nvidia after receiving an method about takeover curiosity last month, the Nikkei Asian Review reported on Sunday.

The Japanese conglomerate, which acquired ARM for $32 billion (roughly Rs. 2.40 lakh crores) in 2016, is exploring choices together with a full or partial sale or a public providing of the British chip designer, it was reported in July.

© Thomson Reuters 2020

[Attribution Gadgets 360]

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