Chip designer Arm to go public after failed acquisition

After a long struggle with the competition authorities, the $80 billion sale of the chip designer Arm to the US group Nvidia has finally fallen through. This puts the Japanese technology investor and Arm owner Softbank under pressure to act: The new Arm CEO Rene Haas is now to take the company public before March 2023 – if possible in the US – and thus provide liquidity, as the companies announced on Tuesday. Softbank had acquired Arm in 2016 for $32 billion.