SoftBank CEO Masayoshi Son seeking 'strategic alliance' between chipmaker Arm and Samsung

SoftBank CEO Masayoshi Son said helium is seeking a "strategic alliance" betwixt chipmaker Arm, which is owned by the Japanese giant, and South Korean tech conglomerate Samsung.

"I mean to sojourn Korea. I'm looking guardant to visiting Korea for the archetypal clip successful 3 years. I'd similar to speech with Samsung astir a strategical confederation with Arm," Son said successful a statement.

There were nary further details provided by SoftBank connected what a strategical confederation would entail, but it could people a large displacement successful strategy for Son and his imaginativeness for Arm.

Samsung declined to remark erstwhile contacted by CNBC.

SoftBank acquired U.K.-headquartered Arm, 1 of the world's astir important chipmakers, successful 2016 and Son has since said it is cardinal for the company's semipermanent imaginativeness arsenic much and much devices go net connected.

Since then, SoftBank tried to merchantability limb to chipmaker Nvidia but the deal fell done successful February.

Son is present pushing toward a nationalist listing for Arm, preferably successful New York. But the U.K. authorities wants Arm to database successful London. SoftBank wants to support a bulk involvement successful Arm pursuing an archetypal nationalist offering.

Samsung's Vice Chairman Lee Jae-yong said Wednesday helium plans to conscionable Son erstwhile helium visits South Korea, according to a study by The Korea Herald.

Lee said that Son "might travel up with specified a proposal" regarding Arm but admitted that helium has "no thought what that is," according to statements reported by The Korea Herald.

Arm's spot architecture is down galore of the world's smartphone processors including those from Apple and Samsung.

Other companies person besides been touted arsenic being funny successful buying a involvement successful Arm. Cristiano Amon, CEO of U.S. chipmaker Qualcomm, said the institution is "an funny enactment successful investing" successful Arm earlier this year.

There has besides been speculation astir a consortium exemplary with respective companies being portion of a radical that invests successful Arm.

SoftBank has been nether unit to monetize Arm aft its flagship tech concern business, the Vision Fund, posted grounds losses successful its past fiscal year. SoftBank sold the remainder of its full involvement successful U.S. thrust hailing institution Uber successful the 2nd 4th and trimmed its holdings successful Chinese e-commerce elephantine Alibaba, to rise cash.