British chip design firm Arm aims to go public this year

On Tuesday local time, Rene Haas, chief executive of Arm, a British chip design company owned by SoftBank, said the company was committed to listing this year.

After Arm's parent company announced its fourth consecutive quarterly loss, Rene Haas said in an interview: "The relevant plan is actually quite complete and is currently underway." "We are doing everything we can to achieve this goal this year." .”

Data show that Arm's third-quarter sales increased by 28% to 746 million US dollars (currently about 5.065 billion yuan), which is one of the few growth areas for Softbank. IT Home understands that SoftBank has dragged down its performance due to its large investment in technology startups.

Arm is the world's largest supplier of chips designed for smartphones, selling licenses to the likes of Apple and Qualcomm. Arm benefits by entering into pre-licensing deals with these companies and then charging royalties for each chip sold using its technology.

In addition, part of Haas' strategy is to accelerate Arm's move into other markets, such as data center servers, where companies such as Amazon's cloud unit use Arm-based chips.