Nvidia in talks to become anchor investor in Arm IPO - FT

FILE PHOTO: A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake/File Photo

(Reuters) -Chip designer Arm is in talks to bring in Nvidia as an anchor investor as it presses ahead with plans for a New York listing as soon as September, the Financial Times reported on Wednesday.

Nvidia is the latest company to hold talks with SoftBank-owned Arm to take a long-term stake in the company at its initial public offering. In June Reuters reported that Arm was talking to more than 10 companies, including existing partners such as Intel.