Arm to Develop In-House Semiconductor, Reports FT.

British chipmaker Arm is developing a new semiconductor to showcase its products and attract new customers following its IPO later this year. Arm will work with manufacturing partners to develop the prototype chips for mobile devices, laptops, and other electronics. The company's newest chip, which it has been working on for the past six months, is "more advanced" than ever before, according to industry executives. Arm has no plans to sell or license the product.