Share with friends and circles of friends with wechat scanning QR code < / P > < p > on April 22. According to people familiar with the matter, Softbank group of Japan expects that after the initial public offering (IPO) of its British chip design company arm, the group will retain the controlling stake in arm, and the share sale proportion is lower than originally expected < p > earlier this year, Softbank chose to push arm to go public after the deal to sell arm to NVIDIA failed. According to people familiar with the matter, considering the current trend of sharp decline in chip share prices, Softbank has now decided to reduce the sale of arm shares in order to obtain a higher valuation in the future < p > people familiar with the matter said that Softbank raised about $8 billion in term loans backed by arm shares, which provided it with sufficient financial support to hold a higher proportion of arm shares and wait for the market to improve. In addition, arm's IPO may take place in the first quarter of next year, but the issuance scale and time may change < p > from smartphones to supercomputers, arm sells and licenses technologies used by semiconductors. In the chip industry with a market value of $550 billion, the widespread application of arm products has attracted close attention to its IPO plan < p > it is reported that Softbank hopes to value arm at least $60 billion. The company's goal is to make higher profits than selling arm to NVIDIA < p > Softbank confirmed earlier this month that 11 banks including JPMorgan Chase, Barclays, Santander, BNP Paribas, Credit Agricole and Goldman Sachs helped arrange the above loans < p > son Zhengyi, CEO of Softbank, bought arm with us $32 billion in 2016 and provided it with the resources needed to continue recruiting a large number of talents, aiming to enter new markets such as server chips used in data centers < p > despite strong demand for chips and soaring industry earnings, investors are increasingly moving away from chip stocks this year. They fear that as demand stagnates and more factories go into production, the shortage of chips will turn into oversupply < p > the Philadelphia Stock Exchange Semiconductor Index has fallen 22% so far this year, underperforming the S & P 500 and other benchmark indexes. Prior to this, the semiconductor index has more than tripled since 2017. (small) < / P > < p >