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

You could say that these companies are joining arms to invest in Arm.

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 . That could materialize as soon as September, as reported bySoftBank plans to apply to the US Securities and Exchange Commission for the listing later this month before getting approval from the Nasdaq.

Nikkei says Softbank plans to sell 10-15% of Arm shares to the open market. In 2021, Nvidia announced that it would acquire Arm for $40 billion. Regulatory challenges, however, dealt severe fatal blows to the arrangement, resulting in Nvidia's decision toAfter the deal was axed, there was much speculation that Arm would go public. Should everything work out, this would make Arm's IPO the biggest initial public offering of the year.

Before the news of Amazon's prospective investment surfaced, Arm's post-public debut market valuation stood at $60 billion. With Amazon's infusion of $10 billion, the chip maker's valuation is expected to soar to nearly $70 billion.We only see ARM-based CPUs in Apple Macs, various Chromebook brands, and pretty much most smartphones on the planet—but no gaming PCs.

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