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Arm Ltd

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technology17 days ago•6 min saved

Arm bets on its own AGI CPU to drive fivefold revenue growth

Arm unveiled its first in-house AI processor, the AGI CPU, and forecast that annual revenue will rise to about $25 billion within five years (roughly five times today), with a $15 billion AI-related revenue opportunity by 2031. Meta and OpenAI are among early customers as Arm shifts from licensing chips to producing silicon, a move expected to expand revenue but potentially compress margins; production is by TSMC and shipments are planned for year-end.

via Financial Times|

#arm-ltd #artificial-intelligence #semiconductors

business2 years ago•2 min saved

SoftBank Acquires Arm Stake from Vision Fund for $64 Billion

SoftBank has acquired the remaining 25% stake in Arm Ltd from its Vision Fund unit, valuing the chip designer at $64 billion. SoftBank is expected to retain a stake of up to 90% in Arm, selling fewer shares in the upcoming IPO. The deal removes a potential overhang for Arm's stock as Vision Fund had planned to cash out its stake over time. The acquisition is a major victory for Vision Fund's biggest investors, including Saudi Arabia's Public Investment Fund and Abu Dhabi's Mubadala. Arm's IPO is expected to take place in September.

via Reuters|

#arm-ltd #business #chip-designer