TOKYO, Aug 8 Reuters Apple and Samsung Electronics will invest in SoftBank Groupowned chip designer Arm at its initial public offering IPO, expected in September, Japan39;s Nikkei newspaper reported on Tuesday.
Reuters reported in June that Arm was in talks with some ten companies including Apple, Samsung and Intel with the aim of bringing on one or more anchor investors in the offering.
Last month, Reuters and other media reported that Arm was in talks to bring in U.S. chip designer Nvidia as an anchor investor for the New York listing.
Apple, Samsung, Nvidia and Intel all plan to invest in Arm as soon as it is listed on the market, the Nikkei said. The SoftBankowned firm will officially apply to the U.S. Securities and Exchange Commission for the listing later this month, the newspaper said.
Arm plans to sell the chipmakers stakes of a few percent each, the newspaper said.
SoftBank declined to comment. Apple and Intel did not immediately respond to Reuters requests for comment, while Samsung and Nvidia declined to comment.
The longawaited IPO is seen as a potential windfall for Softbank founder and CEO Masayoshi Son39;s sprawling tech conglomerate.
SoftBank has been targeting a listing for Arm since its deal to sell the chip designer to Nvidia collapsed last year due to objections from antitrust regulators.
The planned U.S. listing could raise between 8 billion and 10 billion, sources told Reuters in April. At an earnings briefing on Tuesday, SoftBank39;s…