Chip Designer Ambarella Explores Potential Sale
Ambarella Inc. headquarters in Santa Clara, California.
Photographer: Tripplaar Kristoffer/Sipa/AP PhotoTakeaways by Bloomberg AI
Chip design company Ambarella Inc. is considering options including a potential sale, according to people familiar with the matter.
Ambarella, which is working with bankers, has reached out to potential buyers, said the people, who asked not to be identified discussing private information. The company’s shares rose 21% on the news, giving it a market value of about $2.6 billion.