Ambarella (AMBA) is working with bankers to explore potential options, including a possible sale, Bloomberg’s Ryan Gould and Dinesh Nair report. The chip design company, which has a market value of about $2.3B, has reached out to potential buyers, according to people familiar with the matter, who add that the company could appeal to chip rivals interested in bolstering their automotive portfolio or private equity firms. Ambarella shares are up 19% to $61.31 in late morning trading.
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