As noted over and over again, Queen Elizabeth should have put her foot down* when the parvenu Mr. Son made his bid. See last October's:
"Q&A with Steve Roddy, vice president of the machine learning group at Arm, on culling neural nets for embedded devices, competing with Nvidia and Intel, more"
Here's hoping that Softbank and Mr. Son are compelled by recent misadventures to re-float ARM....
From Bloomberg, July 13:
SoftBank is exploring options for selling part or all of its stake in Arm Holdings Inc., either through a private deal or a public stock listing, according to people with knowledge of the matter.
If it pursues a listing, the chip-design company could go public as soon as next year, said the people, who asked not to be identified because the deliberations are private. That would accelerate a timeline SoftBank Group Corp. founder Masayoshi Son laid out in 2018, estimating an initial share sale for Arm some time around 2023, a goal repeated in October by Arm Chief Executive Officer Simon Segars.No decision has been made, and SoftBank could ultimately choose to hang onto the company, which is wholly owned by SoftBank Group and its Vision Fund. Son and his deputies began considering options in part because of the improving market for semiconductor companies, said two of the people. A deal would also fit into SoftBank’s current strategy to unload many of its holdings and boost the stock price through buybacks.Goldman Sachs Group Inc. is advising on a potential deal, according to the Wall Street Journal, which reported the news earlier Monday. Representatives for Arm, Goldman Sachs and SoftBank declined to comment.Arm was the U.K.’s largest listed technology company, receiving royalties from companies such as Apple Inc. and Samsung Electronics Co. for chip designs used in the world’s most popular mobile phones and tablets. When Son bought it for $32 billion in 2016, change came fast. The company added about 2,000 employees and made plans for a new 48 million pound ($60 million) U.K. office building.The chip designer is still currently valued by SoftBank at its acquisition price, according to the Japanese company’s latest quarterly filings. But semiconductor stocks have been on a tear. Nvidia Corp.’s market value topped Intel Corp.’s last week for the first time, powered by soaring demand for graphics chips in data centers and other fast-growing technology fields.Arm would need ample time to make preparations for a listing if it goes that route. Marcelo Claure, the chief operating officer at SoftBank, said in an interview with the Financial Times published Monday that he doesn’t expect Arm to be public in the next 12 months....
....MORE
Here's the FT story:
SoftBank ready to do deals as shares soar to 20-year high
*See also:
May 2019
"SoftBank mulls IPO of $100 billion Vision Fund"
Crap. As we've said on these pages a few times, a cash crunch to force the re-listing of ARM Holdings would have been nice....
*****
....The RCEWA should have figured out how to designate ARM as an Object of Cultural Interest pursuant to the 2002 Export Control Act.Or something.
Oh well, the RCEWA did keep T.L Lawrence's dagger in British Hands.
