SoftBank Group founder and CEO Masayoshi Son on Tuesday discussed a long-term partnership between Arm and Samsung Electronics, Reuters reported, citing local media in South Korea.But it did not propose Samsung invest in Arm。
This is Son's first visit to Seoul in three years. Mr. Son previously said thatWants to talk to Samsung about 'strategic alliance with Arm'. Mr. Son's visit also comes amid speculation that an industry consortium may be formed to invest in ARMM. . Arm's technology is used in Apple's iPhone and almost every other smartphone.
At a meeting held on Tuesday, the Joongang Ilbo reported on Wednesday, citing unnamed industry sources.Son did not propose Samsung buy a stake in Arm or proceed with it. Before the IPO investment. Arm CEO Rene Haas was also at the meeting.
SoftBank didn't immediately respond to a request for comment. Samsung declined to comment.
The House of IT learned thatSoftBank bought Arm for $32 billion in 2016. Then SoftBank's proposed sale to Nvidia ran into industry opposition and fell apart over regulatory issues, promptingSoftBank has drawn up plans to list ARM in the US。