Arm, a chip design firm, announced that tech giants Apple, Google, Nvidia, and others are considering buying up to $735 million in its shares as it prepares to go public on Nasdaq. Chip foundry operators Intel, Samsung, and TSMC, along with AMD and MediaTek, are also interested in investing. The deal could result in Arm having a market capitalization of $52 billion and $5 billion in new cash. Arm was previously listed in London and New York before being bought by SoftBank in 2016. Nvidia had announced plans to acquire Arm but dropped the transaction in 2022.
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