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    • Chip designer ARM pushes plans for biggest IPO of the year

    Chip designer ARM pushes plans for biggest IPO of the year

    Johnson29 April 2023

    Chip designer ARM

    Recently, ARM’s business had developed better than the chip industry as a whole.

    (Photo: Reuters)

    new York According to insiders, the Japanese technology investor Softbank is pushing ahead with the multi-billion dollar IPO plans for its chip designer ARM in the USA. ARM has filed a confidential filing for an IPO with US regulators, people familiar with the matter said Saturday.

    This would pave the way for the biggest IPO of the year so far. According to the information, the British chip designer, on whose designs practically all smartphone processors are based, is aiming for the New York technology exchange Nasdaq this year and is aiming for eight to ten billion dollars in revenue.

    The exact timing and scope of the IPO will depend on market conditions. SoftBank and ARM declined to comment. According to earlier information, the total value of ARM is estimated at more than 50 billion dollars.

    SoftBank has been aiming for an IPO since the chip developer’s planned sale to US graphics card specialist Nvidia for $40 billion last year fell through over objections from US and European antitrust authorities. Back in March, SoftBank announced that it would list ARM in the United States.

    The filing now shows that the company is pushing ahead with the plans despite adverse market conditions. Recently, ARM’s business has outperformed the chip industry as a whole as the company has focused on data center servers and PCs, which earn higher licensing fees. According to the company, sales in the previous quarter rose by 28 percent. Softbank wants to flush billions into its coffers with the IPO to cushion losses from other technology holdings.

    More: The Linux of chip design: A new standard is revolutionizing the semiconductor industry

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    Recent Posts

    • Artificial intelligence: When machines learn empathy
    • Detect fraud when shopping online
    • imageKI-News: Apple allegedly restricts the use of ChatGPT for employeesHow you can use ChatGPT in German for free +++ Bain boss: “AI as a technology has the potential to change the world” +++ Current information on artificial intelligence in the News- blog. More…
    • How to use ChatGPT for free in German
    • Will it rain at the Coldplay concert on Wednesday in Barcelona?

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