Arm board joins former Qualcomm and Intel execs as it prepares for IPO

Arm has added former Qualcomm CEO Paul Jacobs and former Intel data center and artificial intelligence sales president and general manager Rose Schooler to its board of directors in preparation for an initial public offering, according to an announcement from Arm.

The announcement shows that these executives will help Arm prepare for the IPO through their experience and strategies in listed companies. Arm CEO Rene Haas believes that Paul has a strong track record in developing cutting-edge technologies and leading Qualcomm through phenomenal growth phases, while Rosemary has demonstrated excellent leadership ability to set and execute strategic priorities and drive innovation And has cultivated customer relationships in various departments of Intel. The addition of both of them can strengthen Arm's leadership in the semiconductor ecosystem and prepare for an IPO.

It is understood that other directors of Arm include Softbank CEO Masayoshi Son and iPhone pioneer Tony Fadell.

Not long ago, Arm said that its listing on the London Stock Exchange would be delayed until later in 2023 as the company's management worried that a global economic downturn and a plunge in technology stocks could scare away potential investors.