Qualcomm's Interest in Arm Reveals Its Greatest Fear
Qualcomm's (NASDAQ: QCOM) incoming CEO, Cristiano Amon, recently told The Telegraph his company would be interested in buying a stake in Arm Holdings with a consortium of other investors if regulators block NVIDIA's (NASDAQ: NVDA) $40 billion bid for the chip designer.
Amon suggested the consortium could make that investment if Softbank (OTC: SFTB.Y) spins off Arm, which it acquired in 2016, in an IPO. In a statement, NVIDIA dismissed Qualcomm's suggestion and declared that taking Arm public again would throttle its development of new chip designs.
Qualcomm's statement marks a continuation of its protests against NVIDIA's takeover of Arm, which was initially announced last September. Let's see why Qualcomm desperately wants to keep Arm out of NVIDIA's hands, and why its desire to buy a stake in Arm also reveals its greatest fear.
Source Fool.com
