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Arm CEO thinks takeover is better for his company than going public

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A $ 40 billion takeover of Arm by Nvidia is better in terms of job creation in the UK than going public for Arm. This opinion was expressed by the CEO of Arm.

“We thought about listing, but felt the pressure to deliver short-term earnings and profitability growth would limit our ability to invest, expand, move fast and innovate,” Arm CEO Simon Segars wrote in a blog post. …

“Teaming up with Nvidia will give us the scale, resources and flexibility we need to maximize the opportunities that open up,” Segars also wrote.

Qualcomm CEO Cristiano Amon told the Telegraph and other media last week that Qualcomm is ready to invest in an initial public offering of Arm if the Nvidia deal falls apart. Amon told the media that joint ownership of Arm by interested industry representatives would guarantee the firm’s independence.

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