US giant Qualcomm has said it is open to the idea of investing in UK chip maker Arm if the company's $ 40 billion sale to Nvidia is blocked by regulators, according to The Telegraph.
Upcoming Qualcomm CEO Cristiano Amon said Qualcomm would be willing to buy a stake in Arm along with other investors in the industry if SoftBank, the current owner of Arm, listed the company on the stock exchange instead of selling it to Nvidia. reported the newspaper on Sunday.
Amon added that Qualcomm "is definitely open to investing in this company" and that the company "has had discussions with other companies that feel the same way," The Telegraph reported.
Arm was launched by an early computer company called Acorn Computers in 1990. The company's energy-efficient chips - architectures are used in 95% of smartphone circulating worldwide and 95% of the chips designed in China. The company licenses its chip designs to more than 500 companies, which use them to make their own chips.
The acquisition of Arm by Nvidia was announced by the companies last September and is expected to take about 18 months. Since then, Qualcomm has told regulators around the world that it opposes the deal, as has Microsoft products and Google, according to Bloomberg.
The companies say they oppose the acquisition because there is a risk that Nvidia will prevent other chip makers from using Arm's intellectual property. They dispute that Nvidia will be able to take full advantage of the acquisition without barring access to Arm chip designs.
Nvidia has repeatedly stated that it will maintain Arm's open licensing model and will invest heavily in Arm headquarters in Cambridge, UK.
However, the Federal Trade Commission, the Ευρωπαϊκή Επιτροπή, the UK Competition and Purchasing Authority and the Chinese Government Administration for Market Regulation are in the process of investigating the agreement.
Source of information: cnbc.com