Arm move from the world's most valuable chipmaker

Chip designer Arm is reportedly in talks with Nvidia, the world’s most valuable chipmaker, about an initial public offering. Chip designer Arm Ltd., backed by SoftBank Group Corp., is in talks with Nvidia to join a group of potential investors in its initial public offering, according to the Financial Times. Nvidia, a longtime partner and customer of Arm, is looking to invest at a valuation of between $35 billion and $40 billion, the Financial Times reported. Bloomberg previously reported that Arm is in talks with potential strategic investors, including Nvidia’s rival Intel Corp., to participate in what could be the biggest IPO of the year. SoftBank founder Masayoshi Son said he hopes Arm’s IPO will be the biggest ever by a chip company. While Arm’s valuation has not yet been determined, it is reported that the company could be valued at between $30 billion and $70 billion. Arm's success is critical to the Tokyo-based investment firm, which bought Arm for $32 billion in 2016, to get back on its feet after losing billions of dollars in startup investments.