SoftBank chief executive Masayoshi Son will travel to Seoul next month to open talks with Samsung about a strategic tie-up between the South Korean technology conglomerate and UK chip designer Arm, which is owned by the Japanese group.
The talks could mark a significant strategic shift by Son, who bought Arm for $32bn in 2016 and claimed at the time that it was at the core of SoftBank’s long-term vision.
SoftBank tried to sell Arm to chipmaker Nvidia, but abandoned those plans this year after facing opposition from competition authorities.
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