SoftBank to discuss Arm ‘strategic alliance’ with Samsung

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TOKYO, Sept 22 (Reuters) – SoftBank Group (9984.T) founder and chief executive Masayoshi Son will discuss chip designer Arm and Samsung Electronics (005930) during the billionaire’s first visit to South Korea in three years. .KS) “strategic alliance”. year.

“I look forward to visiting South Korea for the first time in three years. I want to discuss a strategic alliance with Arm with Samsung,” Son said in a statement.

The visit comes amid analyst and media speculation about a possible industry consortium to buy Arm.

SoftBank has outlined plans to go public in the U.S. as it looks to raise cash after huge losses at its Vision Fund investment arm.

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Reporting by Sam Nussey; Editing by Muralikumar Anantharaman

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