Intel is one of the latest companies to invest in Arm, joining the ranks of Samsung, Alphabet, Nvidia and more, Tom’s Hardware reports. The move comes as Softbank preps Arm for its IPO, with plans to offer 95.arm-investor-roster-expands-to-include-intel-apple-alphabet-and-samsung.html” title=”Arm Investor Roster Expands to Include Intel, Apple, Alphabet, and Samsung”>5 million shares at $47 to $51 each. The company is valued at $52 billion — more than the almost deal selling Arm to Nvidia for $40 billion that fell off in 2022 (barriers included the Federal Trade Commission suing to block it).
Investing in what is, essentially, its competitor allows Intel to expand beyond its x86 chips — which are not nearly as efficient as those Arm is currently manufacturing. Stuart Pann, Senior Vice President and General Manager of Intel Foundry Services, confirmed the investment during the Goldman Sachs Communacopia & Technology Conference Call. “80 percent of TSMC’s wafers have an ARM processor in them,” Pann said. “The fact that our organization, the IFS organization, is embracing ARM at this level, investing in ARM, doing partnerships with ARM,…
2023-09-07 07:01:15
Link from www.engadget.com rnrn
