Charlie Brooks
Sep 22, 2022 11:24
SoftBank Group Corp founder and CEO Masayoshi Son will negotiate a "strategic alliance" between chip designer Arm and Samsung Electronics during his first trip to South Korea in three years (OTC:SSNLF).
"After three years, I am looking forward to my first trip to Korea. I'd like to discuss a strategic alliance with Samsung (KS:005930) "Son declared in a statement.
The visit coincides with analyst and media speculation over the potential formation of a consortium to purchase Arm.
SoftBank has unveiled plans to float the chip designer in the United States in an effort to generate funds after its Vision Fund investment arm suffered a large loss.
Sep 22, 2022 11:00