there is still some uncertainty where we are now in the final mile of bringing inflation from over 3% to 2%, which is the actual inflation target. so i think he will be ready to say that they remain data dependent while saying some progress has been done so far. and other thing that i am looking for is how will powell define data dependency? what will be the milestone that he will be looking right now as they make a decision about the last few hikes of this tightening cycle. that chip designer says it will buy back $25 billion more of its shares, saying its stock flying in various trading. the company which had more than $1 trillion in value earlier this year also forecast revenue in the current quarter higher than expected. it s chips power nearly all the worlds major artificial intelligence apps,
or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. ahead of the ipo, the cambridge base company revealed revenue was down 1% from a year earlier. the company, which is currently owned by japan s softbank, is a chip designer whose technology powers most smartphones around the world, including iphones. in 2020, silicon valley chip maker nvidia tried to buy arm but the deal fell through because of regulatory scrutiny. despite that setback, nvidia is apparently in talks to take a major stake in the company when it goes public. other possible big investors also include apple and microsoft. since acquiring arm in 2016, softbank has touted the role it will play in the ai revolution. this offering to american investors will be a test of that claim. let s begin in china, because an incremental cut
arm did not reveal the number of shares it was selling or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. ahead of the ipo, the cambridge base company revealed revenue was down 1% from a year earlier. the company, which is currently owned by japan s softbank, is a chip designer whose technology powers most smartphones around the world, including iphones. in 2020, silicon valley chip maker nvidia tried to buy arm but the deal fell through because of regulatory scrutiny. despite that setback, nvidia is apparently in talks to take a major stake in the company when it goes public. other possible big investors also include apple and microsoft. since acquiring arm in 2016, softbank has touted the role it will play in the ai revolution. this offering to american investors will be a test of that claim. let s begin in china,
SoftBank Group Corp s Arm Holdings Ltd reported a 1% fall in annual revenue due to a slowdown in smartphone sales, after the chip designer disclosed the paperwork for an initial public offering (IPO) that is expected to be the largest of the year.
Softbanks' chip designer firm, Arm, files for Nasdaq listing and is preparing for the biggest U.S. Initial Public Offering (IPO) in the last two years.