Qualcomm Offers Help to Arm Holdings If NVIDIA Acquisition Is Blocked

Smartphone chip giant Qualcomm (NASDAQ: QCOM) wants to lend Arm Holdings a helping hand, according to an article in The Telegraph on Sunday. Qualcomm has offered to invest in Arm Holdings should regulators block a proposed acquisition by NVIDIA (NASDAQ: NVDA).

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NVIDIA is in the process of buying Arm from tech investment giant SoftBank Group for $40 billion. This has caused deep concern for Qualcomm, whose smartphone chipsets currently power all 5G phones.

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Source Fool.com