Intel confirmed an investment in Arm
Earlier at the Community Utopia and Technology Conference hosted by Goldman Sachs in San Francisco, Stuart Pann, Senior Vice President and General Manager of Intel Foundry Services (IFS) at Intel, confirmed an investment in Arm, though he refrained from divulging the specifics of the sum and details.
Prior to this revelation, market whispers suggested a litany of potential investors for Arm, including tech behemoths like Intel, Amazon, Apple, NVIDIA, Alphabet, and AMD. With Arm’s imminent re-listing on the NASDAQ in New York, expectations are rife for it to catalyze substantial growth within the tech industry.
As per Softbank’s disclosure, Arm’s initial offering on the NASDAQ is projected to be priced between $47 and $51 per share, with an anticipated issuance of 95 million American Depository Shares. Should the demand for investment prove robust, there is potential for an upward revision in the share price prior to Arm’s formal listing.
In addition to Intel’s confirmation of investing in the soon-to-be-listed Arm, Apple has also recently fortified its alliance with Arm by renewing a long-term technical licensing partnership, extending the authorization term to 2040. This preemptive move likely aims to circumvent potential hikes in licensing costs post-Arm’s listing, with expectations of Apple leveraging a substantial stake in Arm to augment its investment influence.
Other industry giants such as NVIDIA, Alphabet, Amazon, and AMD, all reliant on Arm’s architectural design and instruction set licensing, are anticipated to vie for a larger equity stake post-Arm’s listing, ensuring continued access to Arm’s technical licenses.
