While it is unlikely to happen, it seems that Intel is considering snapping up British chip manufacturer ARM.
Nvidia officially announced the termination of its $40 billion acquisition from owners SoftBank Group (SBG) earlier this month due to “significant regulatory challenges”.
Shortly after its collapse, ARM confirmed it was preparing for an IPO within the fiscal year ending March 31, 2023.
Now, Intel is weighing up its own offer for ARM. Kicking Pat Gelsinger has said Intel would be interested in participating if a consortium emerges to own the UK semiconductor company.
Gelsinger said Intel would be happy to see ARM do an IPO or be owned by a consortium.
“We’re not big users of ARM, but we do use ARM. We’re going to get to be bigger users of ARM as we make it part of our IFS (foundry business) agenda as well”, he told Reuters.
Intel itself pumped $20 billion into its latest chip manufacturing plans in the US, which include the construction of two new chip factories in Ohio.
