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Apple, Google, Nvidia, And Other Tech Behemoths Are Thinking About Purchasing Arm Stock

In a filing on Tuesday, chip design company Arm said that Apple, Alphabet, the parent company of Google, Nvidia, and other tech firms are interested in purchasing up to $735 million worth of its shares as it prepares to list on Nasdaq.

Even while the investments may not go through, the mere fact that big businesses are considering them highlights the significance of Arm, whose designs are utilised for processors in data centre servers, consumer electronics, and industrial items.

Along with AMD and MediaTek, who produce chips based on Arm architectures, the three trillion dollar technology giants are interested in partnering with Intel, Samsung, and TSMC, chip foundry operators. An updated prospectus for the sale of Arm’s shares indicates that Cadence Design Systems and Synopsys, two companies that produce electrical design automation software for processor development, have also showed interest. Arm may receive $52 billion in new cash as well as a market capitalization increase of over $5 billion as a result of the agreement.

Source (CNBC)

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