Apple, Samsung, and Intel to invest in Arm IPO, and emerge with some control: report
As it happens, SoftBank reported its Q1 2023 results on Tuesday and in the earnings call CFO Yoshimitsu Goto stated"Vision Fund will not only invest in public companies but also private companies as well, which includes Arm" before adding"When Arm is listed and when its valuation is appreciated by the market, I believe that Arm will contribute to Vision Fund a lot."
SoftBank also repeated its previous observation that Arm has filed preliminary paperwork with the US Securities and Exchange Commission, without specifying the size and price range for any public offering.in May 2023, when the draft was revealed, SoftBank's proposal appeared to be structured so it will retain control of Arm.
Back to those SoftBank results: Arm produced $641 million of license and royalty revenue for the quarter, down from $719 million in Q1 2022. The conglomerate also told investors it is going on the offense, having recently splashed out over $1.8 billion after making almost no investments in 2022, and plans to make more investments soon.
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