According to a report published on Tuesday in Japan’s Nikkei newspaper, Apple and Samsung Electronics will invest in SoftBank Group-owned chip manufacturer Arm’s initial public offering (IPO), which is scheduled to take place in September.

According to Reuters, Arm was in talks with about ten businesses, including Apple, Samsung, and Intel, in order to secure one or more anchor investors for the offering.

According to media reports from last month, Arm was in discussions to enlist American chip designer Nvidia as an anchor investor for the New York listing.

As soon as Arm gets listed on the market, Apple, Samsung, Nvidia, and Intel all intend to invest in it, according to the Nikkei.

Later this month, the SoftBank-owned company will formally submit an application to the U.S. Securities and Exchange Commission for the listing, according to the newspaper.

There were no comments in the report on the issue from SoftBank, Apple, Intel, Samsung, and Nvidia.

The long-awaited IPO is anticipated to be a financial boon for the sizable tech company headed by Softbank founder and CEO Masayoshi Son.

Since its agreement to sell the chip designer to Nvidia fell through last year because to concerns from antitrust authorities, SoftBank has been aiming for a listing for Arm.

According to sources cited by Reuters in April, the anticipated U.S. offering may generate between $8 billion and $10 billion. SoftBank’s chief financial officer said on Tuesday that preparations were “very smoothly” but gave no information on a listing date or a fundraising target.

After its Vision Fund unit went to the black for the first time in six quarters, SoftBank said it was dipping its toes back into new investments on Tuesday despite posting an unexpected loss.

(Adapted from EconomicTimes.com)