Qualcomm's (NASDAQ: QCOM) incoming CEO, Cristiano Amon, recently told The Telegraph his company would be interested in buying a stake in Arm Holdings with a consortium of other investors if regulators block NVIDIA's (NASDAQ: NVDA) $40 billion bid for the chip designer. In a statement, NVIDIA dismissed Qualcomm's suggestion and declared that taking Arm public again would throttle its development of new chip designs. Qualcomm's statement marks a continuation of its protests against NVIDIA's takeover of Arm, which was initially announced last September.
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