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Qualcomm Keen to Buy Arm Stake in Chip Designer’s Upcoming IPO, CEO Says

Qualcomm is keen to buy a stake in SoftBank Group’s Arm in the U.K. chip designer’s upcoming initial public offering, CEO Cristiano Amon has said.

The U.S. chipmaker is interested in investing alongside its rivals, Amon told the Financial Times in an interview. He added that Qualcomm also could join other companies to buy Arm outright if the consortium making the purchase was “big enough.”

Qualcomm…

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