SoftBank founder Masayoshi Son did not propose to Samsung to invest in Arm

SoftBank Group founder and CEO Masayoshi Son discussed the long-term cooperation between Arm and Samsung Electronics but did not propose Samsung invest in Arm. This is Son's first visit to Seoul in three years. Masayoshi Son previously said he hoped to discuss a "strategic alliance with Arm" with Samsung. Son's visit also comes amid speculation that an industry consortium may be formed to invest in Arm. Arm's technology is used in Apple's iPhone and nearly every other smartphone.

At the meeting on Tuesday, Son did not propose Samsung buy a stake in Arm or make a pre-IPO investment, South Korea's JoongAng Ilbo reported on Wednesday, citing unnamed industry sources. Arm CEO Rene Haas was also in attendance.

SoftBank did not immediately respond to a request for comment. Samsung declined to comment.

SoftBank acquired Arm in 2016 for $32 billion (about 226.56 billion yuan). Then, SoftBank's proposed sale to Nvidia faced industry opposition and fell through over regulatory issues, prompting SoftBank to draw up plans to list ARM in the U.S.

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