Qualcomm Offers Help to Arm Holdings If NVIDIA Acquisition Is Blocked
Smartphone chip giant Qualcomm (NASDAQ: QCOM) wants to lend Arm Holdings a helping hand, according to an article in The Telegraph on Sunday. Qualcomm has offered to invest in Arm Holdings should regulators block a proposed acquisition by NVIDIA (NASDAQ: NVDA). NVIDIA is in the process of buying Arm from tech investment giant SoftBank Group for $40 billion.