Ambarella shares soar 17% on report chip designer is exploring sale

Core Viewpoint - Ambarella shares increased by 17% following reports of the company working with bankers on a potential sale [1] Group 1: Company Developments - Ambarella is reportedly in discussions with bankers regarding a potential sale, although no deal is imminent [1] - The company may attract interest from semiconductor firms aiming to enhance their automotive business [1] - Private equity firms have already shown interest in Ambarella, according to the report [1]