Amazon is in talks to join other tech companies as an anchor investor in Arm’s initial public offering, according to a person familiar with the situation, part of preparations for a deal that could raise as much as $US10 billion ($15.3 billion).

Amazon is one of several tech companies that have talked to Arm about backing the offering, which is expected next month, said the person, who asked not to be identified because the deliberations are private. Arm, a chip designer that counts the world’s biggest tech firms as its clients, also has held discussions with Intel and Nvidia.

Bloomberg