SoftBank Is Said to Line Up Apple, Nvidia as Strategic Arm IPO Backers

ARM, previously acquired by SoftBank, is preparing for a major IPO with strategic investors like Apple, Intel, and NVIDIA. The company aims to raise $5-7 billion, focusing on expanding beyond the stagnant smartphone market into areas like AI and cloud computing. SoftBank's founder, Masayoshi Son, had high hopes for ARM's growth in AI and IoT, but the company has faced challenges, particularly in China, due to geopolitical tensions. The IPO serves as a backup plan after a failed sale to NVIDIA.

How has SoftBank's investment in ARM turned out according to the text?

What geopolitical issues does ARM face in the Chinese market?