Arm could be on the hook for $8.5bn of Softbank debt
By David Manners, Electronics Weekly (April 17, 2023
If Arm does not file for its public offer by the end of September it could become liable for $8.5 billion of Softbank debt for which it was made a guarantor.
“A springing guarantee, naming Arm as the guarantor, becomes effective on the triggering of material breach or misrepresentation, an IPO not occurring within 18 months of 31 March 2022 or such intention being announced,” states Arm’s accounts.
To read the full article, click here
Related Semiconductor IP
- SHA-256 Secure Hash Algorithm IP Core
- EdDSA Curve25519 signature generation engine
- DeWarp IP
- 6-bit, 12 GSPS Flash ADC - GlobalFoundries 22nm
- LunaNet AFS LDPC Encoder and Decoder IP Core
Related News
- Tower Semiconductor in Advanced Negotiations for Restructuring Agreement to Significantly Improve Its Balance Sheet and Reduce Its Level of Debt
- Tower Semiconductor Announces Signing and Closing of Definitive Agreements with its Lenders to Restructure Its Balance Sheet and Reduce $250 Million of Debt
- TowerJazz Announces Closing of a Definitive Agreement with its Lender Banks to Refinance and Reduce Its Debt to Improve Its Balance Sheet and Cash Flows
- Picochip Successfully Completes $9 Million Debt Facility with Silicon Valley Bank
Latest News
- SiMa.ai Secures Strategic Investment from Micron to Scale High-Performance, Power-Efficient Physical AI
- Codasip announces strategic pivot and divestiture
- UMC Reports Sales for March 2026
- Semidynamics Secures a Strategic Investment to Advance Memory-Centric AI Inference Chips
- Ultra Accelerator Link™ (UALink™) Consortium Publishes Four Specifications Defining In-Network Compute, Chiplets, Manageability and 200G Performance