SoftBank finding buyers for ARM, even asks Qualcomm and TSMC

SoftBank owned Arm has recently become a talking point because the Japanese bank wants to sell the UK based chip designer to any suitable owners. So, it has been approaching a lot of potential tech giants including Apple and NVIDIA.

This is very important not for the standpoint for the Japanese company’s shareholders but also as a whole tech industry in general. ARM has been designing chips for quite some time and the SoCs in the industry use ARM’s instruction sets for their chips.

So, naturally who buys the chip designer, there will be a major hassle going on in the tech market. SoftBank was a neutral group to own the company but if some tech company buys it then obviously there will be a commotion among the customers of ARM.

There were a lot of rumors about the graphics giant Nvidia, to be the potential buyer of the child designer. It was also said that they were in advanced talks concerning the takeover. But two days ago Arm co-founder spoke in public regarding the fact that if his company would be sold to Nvidia it would be a disaster.

It was also being speculated that Samsung was also interested in bidding to get a piece of Arm. As Hexus reports, insiders also talked about the South Korean giant purchasing a stake in Arm.

However, a recent report from Nikkei Asian Review published on this SoftBank Arm sale saga says that other companies have approached to make a bid for the chip designer. The Japanese financial publication also said that when SoftBank approached Apple and Nvidia, it also contacted other major tech giants and even provided select financial data.

SoftBank not only supplied the extra financial data to Nvidia only but also to TSMC, Qualcomm, and even Foxconn. The data includes the details of income and projections to show the potential of this kind of investment.

While the Cupertino giant has backed out of this, Nvidia is still said to be in advanced talks. On the other hand, TSMC and Foxconn are taking things slower. Although TSMC and Arm are long-time partners, it is being reported that the Taiwanese chipmaker has made a statement to say that it does not intend to invest in Arm.

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