Samsung denies stake in Arm Holdings

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Samsung Electronics denied a media report Tuesday that it was contemplating shopping for a small stake in SoftBank Group’s ARM Holdings chip firm.

The Korea Instances newspaper reported, citing an nameless trade consultant, about Samsung’s curiosity in shopping for a minority stake of between three and 5 % within the British chip designer in an effort to cut back license charges.

Samsung stated the report was “unfounded”.

ARM, the UK chip expertise firm, licenses its chip designs and applied sciences to firms like Qualcomm, Apple and Samsung, who in flip use this expertise of their chips for smartphones and different gadgets.

SoftBank is presently negotiating phrases with US chipmaker Nvidia after receiving a takeover curiosity method final month, the Nikkei Asian Overview reported on Sunday.

The Japanese conglomerate, which acquired ARM for $ 32 billion (round Rs.240 billion) in 2016, is presently exploring choices like a full or partial sale or public provide of the British chip designer, as reported in July.

© Thomson Reuters 2020

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