Intel said to be in talks to become anchor investor in Arm's IPO

Intel said to be in talks to become anchor investor in Arm's IPO

FILE PHOTO: The Arm Ltd logo and a rising stock graph are seen in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration

Intel is in talks with SoftBank Group Corp‘s Arm to be an anchor investor in the chip designer’s initial public offering (IPO), a source familiar with the matter told Reuters on Monday.