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TSMC and Foxconn are potential candidates for Arm buyout: Report

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Softbank has reportedly approached both TSMC and Foxconn for a potential acquisition of Arm. The group has been planning on selling the known chip designed, with numerous big names in the industry being possible candidates.

According to a Nikkei Asian Review report, Softbank has reached out to the world’s largest contract chipmaker and known Apple supplier. It had bought Arm for $32 billion four years ago and has been public about a partial or complete public offering of the firm. And now, sources close to the matter have revealed that TSMC and Foxconn were given a selection of financial data and projection directly from Arm.

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TSMC

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Notably, this is the same information that Nvidia had received previously. Similarly, Qualcomm and Apple had also been in the pool of potential buyers. While TSMC and Foxconn are reportedly looking into an investment, Nvidia is said to be considering a more serious approach with a complete buyout rather than just a stake. Although, whether that actually goes through remains to be seen.

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