TOKYO -- SoftBank Group plans to maintain a stake in U.K. chip designer Arm, which has formed the core of its strategic investments in artificial intelligence, even if it sells a partial interest to Nvidia or through an initial public offering, Nikkei has leaned.
SoftBank was already considering an IPO of Arm in the next few years when it was approached by Nvidia last month, according to sources. A sale would not be part of SoftBank's current $41 billion asset monetization program, which it has already made progress by selling shares in U.S. carrier T-Mobile and other companies.
