Semiconductor giant Nvidia is in talks with UK chip maker Arm to be an anchor investor ahead of its New York listing later this year, according to reports.
According to the Financial Times, a person familiar with the discussions said Nvidia wanted to come in at a share price that would boost Arm's total value at $35bn to $40bn, though Arm wants to be closer to $80bn. It is already one of several existing partners which Arm is hoping will invest at its IPO stage, planned for September this year. Other prospective partners include Intel, who are still negotiating with the chip maker over its valuation. Stock Spotlight: $1trn Nvidia 'go-to solution for generative AI' One or more anchor investors ahead of its New York listing would he...
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