Samsung denies interest in Arm Holdings stake

17Views

August 4, 2020

SEOUL Samsung Electronics Co Ltd on Tuesday denied a media report that it is considering buying a small stake in SoftBank Group Corp’s chip company Arm Holdings.

The Korea Times newspaper reported Samsung’s interest in buying a minority stake of between 3% and 5% in the British chip designer as a way to reduce its royalty payment, citing an anonymous industry official.

Samsung said the report was “groundless”.

Arm, the British chip technology firm, licenses its chip designs and technology to companies like Qualcomm Inc, Apple Inc and Samsung, which in turn use that technology in their chips for smartphones and other devices.

SoftBank is currently negotiating terms with U.S. chipmaker Nvidia Corp after receiving an approach about takeover interest last month, the Nikkei Asian Review reported on Sunday.

Also Watch

Sushant Death Probe: Patna IG Writes To BMC Asking To Exempt Officer Vinay Tiwari From Quarantine

The Japanese conglomerate, which acquired Arm for $32 billion in 2016, is exploring options including a full or partial sale or a public offering of the British chip designer, the Wall Street Journal reported in July.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Array
(
[videos] => Array
(
[0] => Array
(
[id] => 5f28cef5db1d45129a343cbb
[youtube_id] => XaEko82I94w
Samsung denies interest in Arm Holdings stake => Sushant Death Probe: Patna IG Writes To BMC Asking To Exempt Officer Vinay Tiwari From Quarantine
)

[1] => Array
(
[id] => 5f28cef5db1d45129a343cbc
[youtube_id] => Go-nOqCj7yM
Samsung denies interest in Arm Holdings stake => Sushant Death Probe: Rhea Alleges Sushant’s Kin Didn’t Allow Her To Attend His Funeral | CNN News18
)

)

[query] => https://pubstack.nw18.com/pubsync/v1/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2,5d95e6c778c2f2492e214960&categories=5d95e6d7340a9e4981b2e10a&publish_min=2020-08-01T08:30:08.000Z&publish_max=2020-08-04T08:30:08.000Z&sort_by=date-relevance&order_by=0&limit=2
)

Samsung denies interest in Arm Holdings stake

Also Watch

Speak Your Mind

LEAVE A REPLY Cancel reply

Get in Touch

Recommend for You

Oh hi there It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

You might also like

EDITOR PICKS

POPULAR POSTS

POPULAR CATEGORY

About Us

Follow Us

Support Us & Be a Patreon

Add QNewsHub to your Homescreen!

Oh hi there
It’s nice to meet you.