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SoftBank is considering selling chip design company Arm Holdings or taking it public, the Wall Street Journal reported Monday citing unnamed sources.
Arm Holdings, which Softbank acquired four years ago for $32 billion, became a dominant player in the chip market with a power-efficient architecture embraced by many mobile device manufacturers.
The British company recently scored a big win after Apple announced that it will transition away from Intel chips for its Mac computers and will instead use Arm-based architecture.
SoftBank Group is looking to sell Arm Holdings or taking the trailblazing British chip design company public, a report said Monday.
SoftBank is considering different options for the semiconductor design firm which it acquired four years ago for $32 billion, the Wall Street Journal reported citing unnamed sources. The news comes as SoftBank continues to shore up its shaky finances, as it reels from the fallout from WeWork's infamous aborted IPO plans. The company also recently sold off some of its stake in wireless carrier T-Mobile.
The Japanese conglomerate has hired Goldman Sachs helping SoftBank review its options for Arm, the report said.
Arm emerged as a technology powerhouse by introducing a power-efficient chip architecture that became widely used in the mobile market, outpacing semiconductor giant Intel.
Arm scored a big win last month when Apple announced that it will transition away from Intel chips for its Mac computers and will instead start using Arm-based architecture.
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