A source familiar with the situation told Reuters on Monday that Intel (INTC.O) and SoftBank Group Corp’s (9984.T) Arm are in discussions to become anchor investors in the chip maker’s initial public offering (IPO).

According to Reuters, Arm intends to sell its shares on Nasdaq later this year in order to raise $8 to $10 billion.

Most of the biggest semiconductor firms in the world, including Intel, AMD (AMD.O), Nvidia (NVDA.O), and Qualcomm (QCOM.O), employ Arm’s designs to produce processors. What effect any IPO investment by one or more of those businesses would have on Arm’s business partnerships was not immediately evident.

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