Benzinga | Jun 14, 2021 08:58AM EDT

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.