Category Archives: Arm

Chip designer Arm Holdings reports 39% surge in revenue but shares fall

Posted on by

Even as shares fall about 9%, chief financial officer says firm is seeing ‘more investment’ in AI than ‘even 90 days ago’

Chip designer Arm Holdings on Wednesday reported a stronger-than-expected 39% surge in quarterly revenue, and forecast fiscal second-quarter sales broadly in line with Wall Street estimates, yet its shares fell about 9% in extended trading.

For the current fiscal second quarter, Arm forecast revenue in a range between $780m and $830m, compared with an average analyst estimate of $804.1m, according to LSEG data.

Continue reading...

Arm owner SoftBank reports £1.2bn profit as it shifts towards AI

Posted on by

Tech investor led £800m funding round into UK self-driving car software company Wayve

The Japanese tech investor SoftBank made a profit for the second consecutive quarter as it tries to turn its performance around before big planned investments in artificial intelligence.

SoftBank reported net income of 231bn yen (£1.18bn) in the first three months of 2024, compared with a 57.6bn yen loss in the same period last year, according to financial results published on Monday.

Continue reading...

Shares in chip designer Arm soar by more than 50% leaving it valued at $120bn

Posted on by

Chief executive, Rene Haas, says UK-based firm is benefiting from huge demand for AI-powered products and apps

Shares in Arm have soared by more than 50% after raising profit and revenue forecasts amid red-hot demand for artificial intelligence technology, valuing the UK-based tech company at double the market capitalisation when it floated in September.

Shares in the world’s biggest supplier of design elements for processing chips used in products from smartphones to games consoles opened up 58% on the Nasdaq in the US on Thursday.

Continue reading...

UK chip designer Arm chooses US-only listing in blow to Rishi Sunak

Posted on by

PM had held talks with firm’s owner SoftBank in effort to make London first choice for tech flotations

The Cambridge-based chip designer Arm is to pursue a US-only listing this year, dealing a major blow to Rishi Sunak’s ambitions to make London the first choice for tech company flotations.

The company, which is owned by the Japanese conglomerate SoftBank, confirmed its preferred plan of seeking a US-only main listing later this year, spurning the UK despite heavy lobbying by successive prime ministers.

Continue reading...

Owner of UK chip designer Arm may float some of firm’s shares in London

Posted on by

Japan’s SoftBank still likely to conduct IPO in New York but could secure secondary listing

The Japanese owner of the British chip designer Arm is reportedly planning to float some of the company’s shares in London, in a sign the government’s efforts to lobby for a UK listing of the Cambridge-based company may have succeeded.

SoftBank, which bought the chip company for $32bn in 2016, is said to be reconsidering earlier plans to only list shares on the US market.

Continue reading...