Amazon is reportedly in talks to become an anchor investor in Arm’s upcoming IPO

Published: Aug 8, 2023 at 7:36pm ET

Amazon.com Inc. is in talks to become one of the anchor investors in chip designer Arm Ltd.’s IPO, Reuters reported late Tuesday. to become.

According to Reuters, Amazon AMZN is among the ten or so tech companies – including Intel Corp. INTC and Nvidia Inc. NVDA – who have spoken about supporting Arm’s offering, which is expected to raise up to $10 billion. Reuters said Arm is considering an IPO in early September.

Amazon…

Amazon.com Inc. is in talks to become one of the anchor investors in chip designer Arm Ltd.’s IPO, Reuters reported late Tuesday. to become.

According to Reuters, Amazon

AMZN

is one of about 10 technology companies – including Intel Corp.

INTC

and Nvidia Inc.

NVDA

– who have spoken about supporting Arm’s bid, which is expected to raise up to $10 billion. Reuters said Arm is considering an IPO in early September.