Intel in talks to serve as anchor for ARM IPO

https://ca.finance.yahoo.com/news/intel-talks-anchor-investor-arm-014951769.html

Intel is in talks with SoftBank Group Corp's Arm to be an anchor investor in the chip designer's initial public offering (IPO), a source familiar with the matter told Reuters on Monday.

Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, Reuters reported earlier in April.

Great idea for Intel to open a sizable position in ARM as the IPO anchor imo. Intel clearly missed most of the smartphone race apart from some modems before selling even that off, but getting tighter with ARM and becoming the best place to fabricate ARM parts would be a solid addition to the turnaround. Also hedges from singular Nvidia or Apple influence on ARM.