Semiconductor giant Intel Corporation (NASDAQ:INTC) is set to become an anchor investor in chip-designing rival Arm’s initial public offering (IPO), slated for the end of the year. Softbank Group (OTC:SFTBY)-owned Arm Ltd. is a leading chip designer that caters to world-class chipmakers, including Intel itself, Advanced Micro Devices (NASDAQ:AMD), and Nvidia (NASDAQ:NVDA).…