SoftBank to discuss Arm’s ‘strategic alliance’ with Samsung

The visit comes amid analyst and media speculation about the possible formation of an industrial consortium to buy Arm

Founder and CEO of SoftBank Group Corp. Masayoshi Son will discuss the “strategic alliance” between chip designer Arm and Samsung Electronics during the billionaire’s first visit to South Korea in three years.

“I look forward to visiting Korea for the first time in three years. I would like to talk to Samsung about a strategic alliance with Arm,” Son said in a statement.

The visit comes amid analyst and media speculation about the possible formation of an industrial consortium to buy Arm.

SoftBank has outlined plans to launch the chip designer in the United States as it struggles to raise cash after posting a huge loss at its investment arm Vision Fund.