SoftBank-owned chip tech provider Arm Holdings (O9Ty.F) recently sought to acquire UK-based Alphawave (AWE.L) to secure a crucial technology for building its own artificial-intelligence processors, according to three sources familiar with the matter.
Alphawave, a supplier of semiconductor intellectual property, has been working with its investment bankers to explore a sale after receiving acquisition interest from Arm and other potential acquirers, one of the sources told Reuters.
Arm, however, has
