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Arm plans to sell its shares on Nasdaq later this year, seeking to raise $8-$10 billion, Reuters reported earlier in April.
Arm’s designs are used to manufacture chips made by most of the world’s major semiconductor companies, including Intel (NASDAQ:INTC), AMD, Nvidia (NASDAQ:NVDA) and Qualcomm (NASDAQ:QCOM). It was not immediately clear what impact any IPO investment by one or more of those companies would have on Arm’s commercial relationships.
The chipmaker had filed with regulators confidentially for a U.S. stock market listing in April, setting the stage for this year’s largest IPO.
Arm and Intel declined to a Reuters request for comment.
