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SoftBank and Samsung will discuss Arm and Samsung's "strategic partnership"

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.