Samsung Electronics on Tuesday denied a media report that it’s contemplating shopping for a small stake in SoftBank Group’s chip company ARM Holdings.
The Korea Times newspaper reported Samsung’s curiosity in shopping for a minority stake of between three p.c and 5 p.c in the British chip designer as a strategy to scale back its royalty cost, citing an nameless business official.
Samsung said the report was “groundless”.
ARM, the British chip know-how firm, licenses its chip designs and know-how to corporations like Qualcomm, Apple, and Samsung, which in flip use that know-how in their chips for smartphones and different gadgets.
SoftBank is at the moment negotiating phrases with US chipmaker Nvidia after receiving an strategy about takeover curiosity last month, the Nikkei Asian Review reported on Sunday.
The Japanese conglomerate, which acquired ARM for $32 billion (roughly Rs. 2.40 lakh crores) in 2016, is exploring features together with a full or partial sale or a public providing of the British chip designer, it was reported in July.