Big tech firms set to invest in Arm IPO at $50-55b valuation

Big tech firms set to invest in Arm IPO at $50-55b valuation

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc have agreed to invest in the chip designer’s initial public offering, according to people familiar with the matter.

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