Investing
Chipmaker Arm to make its own semiconductor – FT
© Reuters. A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – British chipmaker Arm Ltd is building its own semiconductor to showcase the capabilities of its products, as it seeks to attract new customers and fuel growth following its Initial Public Offering (IPO) later this year, the Financial Times reported on Sunday.
Arm will team up with manufacturing partners to develop the new semiconductor, FT said, citing people briefed on the move, adding that the company has built a new “solutions engineering” team that will lead the development of these prototype chips for mobile devices, laptops and other electronics.
The SoftBank Group Corp-backed company’s newest chip, on which it started work in the past six months, is “more advanced” than ever before, FT said, citing industry executives.
The chip designer has no plans to sell or license the product and is only working on a prototype, FT said.
Arm is a major supplier of intellectual property to many chip companies, especially in mobile phones and has partnerships with major chip contract manufacturers.
Earlier this month, Intel Corp (NASDAQ:) said it will work with Arm to ensure that mobile phone chips and other products that use Arm’s technology can be made in Intel’s factories.
Arm did not immediately respond to a Reuters request for comment.
Read the full article here
-
Side Hustles6 days ago
3 Steps You Can’t Miss When Growing Your Business
-
Make Money6 days ago
Here’s the Typical American’s Income at Every Age. How Do You Compare?
-
Investing6 days ago
Germany stocks lower at close of trade; DAX down 0.65% By Investing.com
-
Investing6 days ago
How I Transformed My Business by Letting Go of Low-Value Tasks
-
Passive Income4 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles4 days ago
How Your Body Language Can Help Win a Disagreement
-
Side Hustles5 days ago
How to Develop Empowered Leaders Within Your Own Team
-
Side Hustles3 days ago
How to Be Unapologetically You and Why It Matters