Why It MattersThe move will provide Arm’s parent company, SoftBank, with more capital to further invest in start-ups.
In the filing, Arm said more than 30 billion Arm-manufactured chips were shipped last fiscal year.
But Arm technology is also found in myriad other products, including home appliances, cars and industrial equipment.
Arm was a public company until 2016, when SoftBank bought it for $32 billion.
SoftBank has taken huge losses since that failed acquisition, posting a $3.3 billion loss in this year’s first quarter.
Persons:
Masayoshi Son, SoftBank, Rene Haas
Organizations:
Apple, Nvidia, Vision