Japan's SoftBank drops sale of Arm, plans IPO

Japan's SoftBank drops sale of Arm, plans IPO

2 years ago
Anonymous $CLERCuPQwa

https://apnews.com/7175c4580e72c02a1c4bdcd5741538af

TOKYO (AP) — Japanese technology investor SoftBank said Tuesday its planned sale of the British semiconductor and software design company Arm to U.S. chip maker Nvidia has fallen through.

SoftBank Group Corp. said Tuesday it plans an initial public offering of Arm after the intended sale to Nvidia failed due to regulatory problems. It said the IPO would come sometime in the fiscal year ending in March 2023.