Nikkei is reporting that chip design company Arm is set to go public on the US Nasdaq stock exchange later this year, with an IPO valued at more than $60 billion.
Apple, Samsung, Nvidia, Intel, and other leading chipmakers will invest in Arm stock when it goes public. For Apple, this ownership stake will help secure a stable future for the chip architecture that forms the foundations of all of its Apple Silicon chips.
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Author: Benjamin Mayo