Chip maker Ampere Computing said to confidentially file for U.S.-based IPO
sefa ozel/E+ via Getty Images


Ampere Computing, led by a former president of chip giant Intel (NASDAQ:INTC), has reportedly confidentially filed for a U.S.-listed initial public offering, Reuters reported.
Ampere, which is based in Santa Clara, California and develops ARM-based computer processors for servers, is led by former Intel president Renee James.

Oracle (ORCL) has invested $426 million in Ampere and its accounting statements have implied at times that it owns anywhere between 20% and 50% of Ampere.
James sits on Oracle's (ORCL) board of directors, as well as the board of Citigroup (C).
Last week, Intel (INTC) said that it had suspended all operations in Russia amid that country's invasion of Ukraine and called for a "swift return to peace."