Home Computer graphics Qualcomm considering stake in Arm, CEO says

Qualcomm considering stake in Arm, CEO says


Cristiano Amon, CEO of Qualcomm

US chipmaker Qualcomm wants to buy a stake in Arm alongside rivals, CEO Cristiano Amon says The Financial Times.

The Financial Times reports that Qualcomm is interested in investing alongside its rivals and creating a consortium that would maintain Arms neutrality in the semiconductor market.

“We are interested in investing” Has my told the newspaper. “It’s a very important asset and it’s an asset that is going to be essential to the development of our industry.”

Should Qualcomm pursue its interests, Amon said investing alongside its rivals would help Arm stay afloat and ensure the chip design company would continue to invest.

Earlier this year, CommsWire reported that the Japanese multinational conglomerate Software bank dropped its agreement to sell Arm to computer graphics maker Nvidia, adding that Arm would plan an IPO instead.

According Mobile world liveQualcomm opposed Nvidia’s acquisition of Arm, arguing it was against fair competition.

Qualcomm’s plans to retain a majority stake in Arm have yet to be confirmed, according to reports.

This first appeared in the CommsWire subscription newsletter on June 2, 2022.

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