Since acquiring the chip designer in 2016, SoftBank CEO Masayoshi Son has positioned Arm as the tech investment conglomerate s crown jewel asset, and in recent months has enthusiastically talked up the role it could play in AI.
Arm s sales fell to $2.68 billion in the 12 months ended March 31, hurt by a slump in global smartphone shipments, the source said, requesting anonymity. Sales for the quarter ended June 30 fell 2.5% to $675 million.
ARM IPO: Arm s sales fell to $2.68 billion in the 12 months ended March 31, hurt by a slump in global smartphone shipments, the source said, requesting anonymity. Sales for the quarter ended June 30 fell 2.5% to $675 million.
SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year s biggest initial public offerings. Arm has been in talks with about 10 companies, including Amazon.com, Intel, Alphabet and Nvidia, about investments ahead of its IPO.