Arm did not reveal the number of shares it was selling or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. Ahead of the ipo, the cambridge base Company Revealed revenue was down 1 from a year earlier. The company, which is currently owned by japans softbank, is a Chip Designer Whose Technology powers most smartphones around the world, including iphones. In 2020, Silicon Valley chip maker nvidia tried to buy arm but the deal fell through because of regulatory scrutiny. Despite that setback, nvidia is apparently in talks to take a major stake in the company when it goes public. Other possible big investors also include apple and microsoft. Since acquiring arm in 2016, softbank has touted the role it will play in the ai revolution. This offering to american investors will be a test of that claim. Lets begin in china, because an incremental cut to a one year lending rate on monday has raised concerns that the worlds second bigges
Or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. Ahead of the ipo, the cambridge base Company Revealed revenue was down 1 from a year earlier. The company, which is currently owned by japans softbank, is a Chip Designer Whose Technology powers most smartphones around the world, including iphones. In 2020, Silicon Valley chip maker nvidia tried to buy arm but the deal fell through because of regulatory scrutiny. Despite that setback, nvidia is apparently in talks to take a major stake in the company when it goes public. Other possible big investors also include apple and microsoft. Since acquiring arm in 2016, softbank has touted the role it will play in the ai revolution. This offering to american investors will be a test of that claim. Lets begin in china, because an incremental cut to a one year lending rate on monday has raised concerns that the worlds second biggest economy is weaker than expected. The one year loan pr
Arm did not reveal the number of shares it was selling or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. Ahead of the ipo, the cambridge base Company Revealed revenue was down 1 from a year earlier. The company, which is currently owned by japans softbank, is a Chip Designer Whose Technology powers most smartphones around the world, including iphones. In 2020, Silicon Valley chip maker nvidia tried to buy arm but the deal fell through because of regulatory scrutiny. Despite that setback, nvidia is apparently in talks to take a major stake in the company when it goes public. Other possible big investors also include apple and microsoft. Since acquiring arm in 2016, softbank has touted the role it will play in the ai revolution. This offering to american investors will be a test of that claim. Lets begin in china, because an incremental cut to a one year lending rate on monday has raised concerns that the worlds second bigges
Beginning of this year, and has been recovering at home ever since. She was seen out with her husband, the prince of wales, at a farm shop in windsor at the weekend. But that investigation has been launched at the london clinic after one member of staff reportedly tried to access her private medical records. Well bnng private medical records. Well bring you more on that, of course, as that story develops throughout the week. Throughout the rest of the week. Now, in other news tonight, former President Donald Trump former us President Donald Trump has hinted could deport has hinted he could deport prince he wins the us prince harry if he wins the us election. In an exclusive interview with nigel farage tonight, he said the duke of sussex wont be getting special privileges if he lied on his visa about drug use, if they know something about the drugs and if he lied, ill have to take appropriate action, appropriate action . Yeah, which might mean not staying in america. Youll have to tell
Family and the royal family. Now, a little prejudiced now, im a little prejudiced because thought queen incredible. Speaking to nigel trump speaking to nigel farage on this evening. Farage earlier on this evening. Now, in other news today, the first person to be convicted of cyberflashing england and cyberflashing in england and wales been jailed for 66 wales has been jailed for 66 weeks. 39 year old Nicholas Hawke sent unsolicited, explicit photographs to both a teenage girl and a woman. The justice girl and a woman. The justice secretary described the offence as a distressing crime, which couldnt be normalised, and said the sentence was meant to send a clear message that the behaviour had severe consequences. The had severe consequences. The supermarket giant tesco has lost an appeal in a row with its rival shop, lidl, over the use of a yellow circle logo. Lidl had accused tesco of deliberately trying to ride on the coattails of their reputation by using the yellow circle to promote