Intel CEO says it could make offer to acquire Arm following failed Nvidia takeover

The vendor’s boss expressed interest in the UK chip maker

Semiconductor giant Intel could swoop in to snap up British chip manufacturer Arm following Nvidia's unsuccessful attempt.

Nvidia officially announced the termination of its $40bn acquisition from owners SoftBank Group (SBG) earlier this month due to "significant regulatory challenges".

The deal was originally announced in September 2020.

Shortly after its collapse, Arm confirmed it was preparing for an IPO within the fiscal year ending March 31, 2023.

Now, Intel is weighing up its own offer for Arm, its chief executive has told Reuters.

Pat Gelsinger reportedly stated Intel would be interested in participating if a consortium emerges to own the UK semiconductor company.

He added there had already been talk in the industry about forming a consortium, prior to the Nvidia deal.

Gelsinger said Intel would be happy to see Arm do an IPO or be owned by a consortium.

"We're not big users of Arm, but we do use Arm. We're going to get to be bigger users of Arm as we make it part of our IFS (foundry business) agenda as well," he told Reuters.

"So if a consortium would emerge, we would probably be very favourable to participate in it in some manner."

Semiconductor investments on the rise

The current global semiconductor crisis has rattled several sectors globally.

So much so, that the debacle has been dubbed "chipageddon".

However, since the start of the new year, several significant deals and investments have been made in the area.

Intel itself pumped $20bn into its latest chip manufacturing plans in the US, which include the construction of two new chip factories in Ohio.

While US semiconductor developer AMD completed its acquisition of Xilinx for $49bn (€43bn) in an effort it says to form the industry's "market leader" in high-performance and adaptive computing.

The deal has been billed as the 'largest chip deal in history'.