Qualcomm Expresses Stake Acquisition Intent In Arm If Regulators Block Nvidia Deal: CNBC

Qualcomm Inc's (NASDAQ:QCOM) incoming CEO Cristiano Amon wished to acquire a stake in the SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) owned U.K. chipmaker Arm, if it went public, CNBC reports.
Nvidia did not consider an initial public offering to be enough to support Arm's growth.
Qualcomm, Microsoft Corp (NASDAQ:MSFT), and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) have voiced their dissent against NVIDIA Corp's (NASDAQ:NVDA) $40 billion Arm acquisition deal over too excessive power concentration in Nvidia's hands.
Federal Trade Commission, the European Commission, the U.K.'s Competition and Markets Authority, and China's State Administration for Market Regulation are investigating the deal despite Nvidia's fair play assurances.
Arm has as a joint venture, "Arm China" with Chinese private equity firm Hopu Investments with Shanghai headquarter.
Arm spun out of an early computing company, Acorn Computers, in 1990.
Around 95% of the global smartphones and 95% of China's chips employ Arm's chip architecture. Arm licenses its chip designs to over 500 companies for chip manufacturing.
Nvidia recently expressed optimism over regulatory approval for the deal.
Price action: QCOM shares traded higher by 0.5% at $135.29, and NVDA shares traded higher by 0.54% at $716.86 in the premarket session on the last check Monday.