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☆ Former US Army soldier Sung Anh is now a Michelin-starred chef in South Korea and a Netflix ‘Culinary Class Wars’ judge
▼ + stars: | 2024-10-18 | by ( Alkira Reinfrank | ) edition.cnn.com time to read: +11 min

It’s this passion and unwavering drive to forge his own path that’s helped reshape fine dining in his birth home. Chef Sung Anh with his brother in the US Army (left) and with family in California (right). Mosu SeoulIn 2017, chef Sung opened Mosu Seoul in the heart of one of the world’s fastest-growing fine dining scenes. CNNAs recognition grows for South Korean food, chef Sung takes things further at Mosu Seoul, celebrating more than just local ingredients. “Chef Sung gives life and character to each dish I make, which I find very respectable.

Persons: Sung, ”, “, Sung Anh, …, Saddam Hussein, Mosu, “ I’ve, They’ve, Jong, Sangwoo Kim, Chef Sung, Paik Jong, Mosu —, ” Sung, Chung, Ceramicist Yoon Sol, Yoon Organizations: CNN, Michelin, Netflix, US Army, Korean, US, Porsche, West, Mosu, Acorn, Chefs, Mosu Seoul Locations: Iraq, Korea, American, Seoul, South, San Diego , California, US West Coast, South Korea, California, Vietnam, Baghdad, Dakota , Idaho, Puerto Rico, Hawaii, San Francisco, Mosu Seoul, Mosu, Hong Kong, —, Komah, Sao Paulo, New York, Korean, Gangnam, Asia

☆ A push toward sustainable jet fuel is leaving investors with unanswered questions
▼ + stars: | 2024-09-17 | by ( Jenni Reid | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesThe aviation industry still sees so-called "sustainable aviation fuel" (SAF) as the only viable way to meet its decarbonization targets, even as opposition and the potential for higher costs for passengers pose obstacles to the fast-growing sector. SAF is a broad term describing fuel that is burned by an aircraft engine, but instead of using kerosene is derived from more sustainable sources. The planemaker said it is collaborating with producer HIF Global on the development of methane-based fuels, and investing in alcohol-to-jet fuel producer LanzaJet. But IATA's own forecast for SAF production to triple in 2024 to 1.9 billion liters would cover just 0.53% of aviation fuel demand for the year. "The truth is, it's going to be more expensive, you can't really sugarcoat that," said HIF Global's Clara Bowman.

Persons: Neste, HIF, Buzz, Lauren Riley, Riley, Rick Nagel, You've, Clara Bowman, Bowman, United's Lauren Riley, HIF Global's Clara Bowman Organizations: SAF, Bloomberg, Getty, United Airlines, Chicago O'Hare International, Labour, Airbus, Farnborough Air, CNBC, International Air Transport Association, Acorn Capital Management, Porsche, HIF, Union's Renewable Energy Directive, Biden, Boeing, Google, Embraer Locations: Singapore, Chile, Texas, U.S, America

☆ Lucy Lawless on Her Best TV Roles: 'Xena,' 'Parks and Recreation,' & More
▼ + stars: | 2024-07-01 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +10 min

Lucy Lawless is well aware of the "long shadow" her iconic role in "Xena: Warrior Princess" has cast over her career. Her latest, the Acorn TV series "My Life is Murder," is one example of a project Lawless fought to bring to life. On why getting cast as Xena was 'a great big cosmic joke'Lucy Lawless as Xena in "Xena: Warrior Princess." I don't think that would even be particularly mark-worthy these days, would it? But "Parks and Rec" has people who don't know what "Xena" is, but they do know "Parks and Rec" or "Curb Your Enthusiasm" or something.

Persons: Lucy Lawless, Lawless, —, Alexa Crowe, Xena, It's, Jay Leno, Gabrielle, she's, would've, Renee, O'Connor, I've, Ron Swanson, Diane, Tricia Helfer, D'anna, Ron Swanson's, Ron, Ruby, Bruce Campbell, Sam Raimi, They'd, Margaret Moth, YouTube You've, Joe Duran, Margaret, wasn't Organizations: Business, Acorn, Village Voice, SyFy, Recreation, Entertainment, YouTube, CNN Locations: Australia, New Zealand, Parks, America, Sarajevo

☆ Opinion: The complicated ethics of the secret Alito recording
▼ + stars: | 2024-06-12 | by ( Opinion David Zurawik | ) edition.cnn.com time to read: +6 min

CNN —As a journalist and professor who teaches media ethics, I have long been against the kind of undercover secret recording activist Lauren Windsor made of Supreme Court Justice Samuel Alito and his wife, as well as Chief Justice John Roberts. Join us on Twitter and FacebookWhat Windsor discovered does not tell me as much as ProPublica and The New York Times have about the secrecy and shocking lack of ethics in the Supreme Court. But she did make me think Alito is even farther to the religious right than I thought. But while the approach was similar, Maryland has a law against secret recordings; two-person consent is required. But she broke no law in taking us behind closed doors and a little further into the mind of Alito.

Persons: David Zurawik, Lauren Windsor, Samuel Alito, John Roberts, David Zurawik Mich Rouse, Alito, “, ” Alito, Windsor, James O’Keefe, Hannah Giles, ”, ethicist, Donald Trump Organizations: Goucher College, Baltimore Sun, CNN, Supreme, Project Veritas, ACORN, Journalists, Capitol, New York Times, Windsor, Catholic, The New York Times, Twitter, Facebook, Veritas Locations: Windsor, there’s, Baltimore, Maryland, Washington, DC

☆ Jane Seymour on Her Best Movie & TV Roles: 'Wedding Crashers,' 'Dr. Quinn,' 'Bond'
▼ + stars: | 2024-05-23 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +14 min

AdvertisementI had to look and play a virgin — which I managed to do quite convincingly into my 40s on "Dr. Quinn," by the way. But I've only ever done two TV series, so now it's "Dr. Quinn" or "Harry Wild." AdvertisementAnd by the way, I got the worst reviews ever on "Dr. Quinn" as well. Studio Seven Productions/NM/Sygma via Getty ImagesI was going to bring up "Dr. Quinn" next — did you expect it to turn into such a beloved show when you initially signed on? There's another factoid that when I did "Dr. Quinn," I only washed my hair in English rainwater that was flown in on a 747 every week.

Persons: Roger Moore, Jane Seymour, Bond, Seymour, Harry Wild, she's, She's, Lindsay Lohan's, — she's, Christopher Reeve, Quinn, " Milne, I'd, It's, I'm, I've, Christopher Reeve Jane Seymour, Eddie Sanderson, Dana, Reeve, Chris, —, Sir, Shaw, Colin Powell, Dr, Doctor Quinn, Jane, she'll, we've, it's, Owen Wilson, You've, it'd, Owen, I'm Kitty Cat, Steffan, Princess Leia, Spielberg, Richard Chamberlain Organizations: Business, Acorn, Netflix, Hearts Foundation, Medicine, Seven, Getty, CBS, Orange, Raiders Locations: English, Dublin, Calgary, Eden, Hong Kong, New York, Mexico

☆ A Florida deputy who fatally shot a 23-year-old airman in his home may have been in the wrong apartment, witness says
▼ + stars: | 2024-05-09 | by ( Thomas Novelly | ) www.businessinsider.com time to read: +6 min

"The circumstances surrounding Roger's death raise serious questions that demand immediate answers from authorities, especially considering the alarming witness statement that the police entered the wrong apartment," Crump said. AdvertisementThis photo provided by the US Air Force shows Senior Airman Roger Fortson. US Air Force via APThe sheriff's office did not immediately respond to a request for comment on the attorney's claims. He reportedly said, "I can't breathe" while on the ground after being shot, Crump said, repeating a witness account of the event. Chantimekki Fortson, mother of Roger Fortson, a US Air Force airman, is comforted as she speaks about her son during a news conference regarding his death.

Persons: —, Roger Fortson, Ben Crump, Fortson, Crump, Roger, GulfLive.com, Chantimekki Fortson, Gerald Herbert, Military.com, Eric Aden Organizations: Service, Special Operations, Business, Sheriff's, US Air Force, AP, Air Force, Florida Department of Law Locations: Florida, Fortson's, Okaloosa, Okaloosa County, Aden

☆ Jeff Bezos' tips on how to run a company and manage your team
▼ + stars: | 2024-05-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +7 min

In his 27 years at the helm of Amazon, Jeff Bezos taught his successor, Jassy, and others a lot about how to run one of the world's biggest businesses. One of Bezos' meeting no-nos is PowerPoints, which he has banned in company meetings. "I thought to myself, 'We can sell anything this way,'" Bezos said. Bezos says Type 1 decisions take up most of your time, while Type 2 decisions should be delegated or grouped with other smaller decisions for later. Bezos believes you should make decisions with 70% of the information you wish you had, and iterate from there.

Persons: —, Andy Jassy, Jeff Bezos, Jassy, Jeff, Bezos, he's, It's, He's, they've, centibillionaire, you'll, you'd Organizations: Service, Business Locations: Amazon

The man, who was being questioned about stealing his girlfriend's car, was not injured during the Nov. 12 shooting. The Okaloosa County Sheriff's office released the body camera video and an internal affairs report this week, addressing the acorn for the first time. Photos You Should See View All 22 ImagesPolice detained the boyfriend and searched his car after handcuffing him and placing him the back of Hernandez's patrol car. As Hernandez approached the passenger side door of his patrol car, he heard a popping sound which he later told investigators he perceived to be a gunshot. “He began yelling “shots fired” multiple times, falling to the ground and rolling,” the sheriff’s report said.

Persons: Jesse Hernandez's, Hernandez, “, Sgt, Beth Roberts, Hernandez’s, Roberts, Sheriff Eric Aden, ” Aden Organizations: WALTON, Sheriff's, Police Locations: WALTON BEACH, Fla, Florida, Okaloosa

☆ These 'unusual' 4 traits helped Jeff Bezos grow Amazon into a $1 trillion company, says current CEO
▼ + stars: | 2024-01-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Jeff Bezos built Amazon into a tech behemoth and "everything store" that's now worth $1.6 trillion. Jassy, Bezos' longtime deputy, took the company's reins after the Amazon founder stepped down in 2021. "There aren't too many other bigger thinkers than Jeff Bezos," Jassy said, adding: "He always had a way of getting teams to think bigger." Jassy nonetheless touted Bezos' approach for inspiring great work from employees that helped fuel Amazon's success. "[Bezos] had a way of having really high standards, and then having everybody really stretch and aspire to those standards."

Persons: Jeff Bezos, Andy Jassy, Fortune, Bezos, GeekWire, Jassy, Jeff, You've, it'll Organizations: Economic, Amazon, Pacific Science Center, Web Services Locations: Davos, Switzerland

☆ John Belushi Was Just Getting Started
▼ + stars: | 2024-01-13 | by ( Rich Cohen | ) www.wsj.com time to read: +1 min

When a great talent dies young, the world is diminished. You find yourself thinking not only of what that person created but of what that person could have created if he’d had time. For me, there is no purer case of the-acorn-that-would-have-become-the-oak-had-it-not-been-pancaked-by-the truck than John Belushi, who, had he not died at age 33 in 1982, would turn 75 this month. In a world full of followers, Belushi seemed like the last free man. He lived the showbiz maxim: to do anything original, you must be willing to make a fool of yourself.

Persons: he’d, John Belushi, Belushi Organizations: National Lampoon

☆ ‘Steeltown Murders’ Review: DNA Unlocks a Cold Case in Wales
▼ + stars: | 2023-11-23 | by ( John Anderson | ) www.wsj.com time to read: +1 min

Or let it all molder. Steeltown Murders Monday, Acorn TVThere is no shortage of serial murder on current TV; it is a wonder that anyone survives from week to week. But “Steeltown Murders” goes its own way—two ways, as it happens. We see them getting it wrong. We see the same folks trying to get it right.

Persons: Scott Arthur Photo, William Faulkner, it’s, It’s, ” Organizations: Acorn Locations: Mississippi, Wales, —

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, Boeing, Tesla, Dell, Microsoft & more
▼ + stars: | 2023-11-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Raymond James reiterates Nvidia as strong buy Raymond James said it's bullish heading into Nvidia earnings on Tuesday. Bernstein reiterates Tesla as underperform Bernstein said it's standing by its underperform rating on Tesla as EV growth is slowing. JPMorgan upgrades Dutch Bros to overweight from neutral JPMorgan said the coffee chain has "strong available liquidity" to continue to grow. " JPMorgan downgrades Krispy Kreme to neutral from overweight JPMorgan downgraded the stock mainly on valuation. " Melius initiates Dell as buy Melius Research initiated Dell with a buy and said it's an "inexpensive" way to play AI.

Persons: Wolfe, ChargePoint, Jefferies, it's bullish, Raymond James, it's, Stifel, Wells, Bernstein, Tesla, underperform Bernstein, BTIG, Morgan Stanley downgrades Chegg, Morgan Stanley, LT, Hewlett Packard Evercore, Goldman Sachs, Krystal, Goldman, Penn, Energizer, Sherwin, Williams, Dell, Oppenheimer, OpenAI's Sam Altman, Sam Altman Organizations: Cedar Fair, SIX, Nvidia, Resources, MNR, ARM, Acorn, Apple, JPMorgan, Deutsche Bank, Boeing, Deutsche, Bros, Brands, Hewlett, Krystal Biotech, " Bank of America, of America, ESPN, PENN Entertainment, ESPN Bet, Citi, UBS, Kosmos Energy, Bank of America, CSN, HSBC, Caterpillar, BMO, Wedbush, Research, Microsoft Locations: NVDA, China, ENR, Brazil, Australia, Vale, 2024e

☆ How Arm is gaining chip dominance with its architecture in Apple, Nvidia, AMD, Amazon, Qualcomm and more
▼ + stars: | 2023-11-09 | by ( Katie Tarasov | ) www.cnbc.com time to read: +8 min

Arm's big break came in 1993, when Apple launched its early handheld Newton device on the Arm610 processor. Arm's big break came in 1993 when Apple released its handheld Newton device on the Arm610 processor. Apple moved to its own Arm-based processors in Mac computers in 2020, breaking away from the Intel x86 processors that had powered them for 15 years. Qualcomm is another major customer making its latest PC processors using Arm, although that relationship is strained. This simplification is also making Arm the choice for non-chip companies like Apple, Amazon, Google and Microsoft designing their own custom silicon.

Persons: Haas, Richard Grisenthwaite, I've, Grisenthwaite, Japan's SoftBank, Grace Hopper Superchip, Grace Hopper, they're, Cash, SoftBank, Softbank, Rene Haas, CNBC's Katie Tarasov, Katie Brigham Arm, It's, Daniel Newman, Newman, O'Donnell, Apple, Nuvia, Arm's Grisenthwaite, They've, " O'Donnell, Max Thurlow Organizations: Apple, Acorn Computers, Texas, Nokia, Nvidia, Google, Samsung, Qualcomm, Futurum, Intel, Amazon, AMD, Cruise, Microsoft, Arm Holdings Locations: Cambridge, NXP, U.S, Arizona , California, North Carolina, Texas, Norway, Sweden, France, India, San Jose , California, IoT, England, China

☆ All the Trimmings, None of the Work: Thanksgiving in a Hotel
▼ + stars: | 2023-11-06 | by ( Stephanie Rosenbloom | ) www.nytimes.com time to read: +1 min

Just in time for Thanksgiving, this all-suite hotel in southwestern Pennsylvania will open on Nov. 20 at Nemacolin, a sprawling resort with three hotels and other types of accommodations such as estates, homes and townhomes. Set amid the Laurel Highlands, the Grand Lodge has 56 suites, each with a dedicated butler. For cocktails there’s the Circle Bar, a lounge that adjoins the Study, where you can slip away for quieter conversations. Also beginning on Nov. 24, you can visit the resort’s Hardy’s Holiday Village, where there will be dance performances by “elves” and places to sip cocoa and savor sweets. Prices for the Grand Lodge start at $2,000 a night.

Persons: savor Parker Locations: Pennsylvania, Nemacolin, Laurel Highlands, Orlando, Fla

The practice of citizen-originated ballot measures began 125 years ago when South Dakota became the first in the nation to enact a statewide initiative and referendum process. But some still invoke his name in their fight to preserve voters’ ballot measure rights. “It represents for me the fundamental idea of the equal dignity of every human being,” said Heidelberger, who blogs about South Dakota politics. The political conditions were brief but just right in 1897 for lawmakers to approve it; voters passed it the following year. In a memoir compiled by the state Socialist Party, Haire is credited with writing the amendment itself.

Persons: it’s, Robert W, Cory Heidelberger, ”, Heidelberger, Pierre, Haire, Ohioans, “ That’s, John Matsusaka, “, can’t, ” Matsusaka, ” David Schmidt, Drey Samuelson, Sen, Tim Johnson of, you’re, Samuelson, Janine Giordano Drake, Republican State Sen, Michael Rohl, Rohl, ’, Rohl didn’t, Sister Kathleen Bierne, Drake, ” Drake, Bierne, “ We’ve, Father Haire’s, Jesus ’, Eugene Debs, Liz May, Tom Heinz, Heinz, ain’t Organizations: Republican, Socialist Party, it’s, University of Southern California’s Initiative, Referendum, “ Citizen, U.S, Indiana University, Christian Socialist, Catholic, Republican State, Associated Press, Michigan, Aberdeen News, Lilly Endowment Inc, AP Locations: U.S, Ohio, South Dakota, Dakotans, Dakota, California, Tim Johnson of South Dakota, state’s, Brown, Aberdeen

Here are the meanings of the 10 hardest words that have also been used in Times articles. The labiodental flap is much more widely used but took longer to be recognized. (Some people still believe in a religious afterlife, but those with the cash would rather not risk it. Maybe he could have a high opinion of himself despite his evident flaws. — How Garfield Helped Me Make Peace With a Culture in Decline (Feb. 16, 2021)The list of the week’s easiest words:

Persons: poinciana, canopic, Isaiah Rashad, Solange Knowles, —, bandanna, “, Guy ’, Kaplan, cioppino, hamate, Mammon, monomaniac, Garfield Organizations: pompano, Lines, San, California’s State Food, Phonetic Locations: Philippines, San Francisco, Francisco, Burger, Napa Valley, Santa Maria, California’s State, Africa

☆ Emata, a startup offering loans to farmers in East Africa, just raised $2.4 million with this 14-slide pitch deck
▼ + stars: | 2023-09-14 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Emata, a Ugandan startup that provides loans to farmers in East Africa, has raised $2.4 million in funding. It's also fundamentally unfair as farmers need capital to grow but a lot of money goes to people with connections, not the best farmers." Kampala-based Emata wants to be tech first in its offering and uses WhatsApp as a loan origination platform, given its popularity in a region where cell data is at a premium. The company claims it grew 7x in 2022 and could point to strong metrics when dealing with investors having already dispersed over $1 million in loans. Funding will go towards expanding the company's tech offering and looking into new verticals.

Persons: Bram van den Bosch, It's, Klarna, Niklas Adalberth's Norrsken, Draper Richards, Marcus Boström, van den Bosch, Emata Organizations: African Renaissance Partners, Zephyr Acorn, Draper Richards Kaplan Foundation Locations: Ugandan, East Africa, Uganda, Kampala

☆ Venture capitalist says he wouldn't rule out a secondary Arm listing in London
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVenture capitalist says he wouldn't rule out a secondary Arm listing in LondonHermann Hauser of Acorn Computers, which played a key role in the early stages of chip design company Arm, discusses the company's listing and development since it was taken over by Softbank.

Persons: London Hermann Hauser Organizations: Email Venture, Acorn Computers Locations: London

☆ Hermann Hauser discusses Arm's beginnings
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHermann Hauser discusses Arm's beginningsHermann Hauser of Acorn Computers, which played a key role in the early stages of chip design company Arm, reflects on the company's beginnings.

Persons: Hermann Hauser Organizations: Acorn Computers

☆ Arm is very well positioned for the AI market, Hermann Hauser says
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArm is very well positioned for the AI market, Hermann Hauser saysHermann Hauser of Acorn Computers, which played a key role in the early stages of chip design company Arm, discusses the company's competitiveness and position in the artificial intelligence market.

Persons: Hermann Hauser Organizations: Acorn Computers

Capital One has revealed its newest airport lounge, an 8,500-square-foot outpost at Washington-Dulles International Airport (IAD). Read Insider's guide to the best credit cards with free airport lounge access. The Capital One Lounge at Dulles (IAD) is the issuer's highly anticipated second location, expanding the issuer's reach to the Washington D.C. metropolitan area. It's the first credit card-affiliated lounge at Dulles, and the space will likely prove popular for travelers departing from the airport. Premium perks including airport lounge access and statement creditsCheck mark icon A check mark.

Persons: Eero Saarinen, Dulles, H, Will Patton, Chris Dong, it's, Chase Sapphire, Amex, Chase Organizations: Dulles International, Travelers, Capital, Service, Fort Worth International, Dulles, Washington D.C, Capital One, One, Premier, Rhino Brewing Co, Michelin, Acorn, Dulles Airport, Venture, Business, LaGuardia, Reagan Washington National Airport Locations: Washington, Wall, Silicon, Dallas, DFW, Dulles, Virginia, Central Virginia, Denver, Las

Arm kicked off its roadshow in Baltimore, where influential asset manager T Rowe Price is headquartered, underscoring the fund manager's significance in big IPOs. Arm disclosed the proposed range would value it at between $48 billion and $52 billion. The valuation that Arm is chasing represents a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from its $100 billion Vision Fund. Jamie Mills O’Brien, portfolio manager at British fund manager Abrdn, said he found SoftBank's valuation ask in the IPO "more palatable than initially discussed." Unlike most loss-making but high-growth tech companies that debut with lofty valuations but later plummet below list price, Arm is profitable.

Persons: Group's, T Rowe Price, SoftBank, Jamie Mills O’Brien, Abrdn, Arm, Dado Ruvic, Sara Russo, Bernstein, Goldman Sachs, JPMorgan Chase, Manya Saini, Pablo Mayo, Arun Koyyur, Nick Zieminski Organizations: Arm Holdings, Rivian Automotive Inc, Sands, Cambridge, Vision, Nvidia Corp, Apple, Nvidia, Devices, Intel, Samsung Electronics, REUTERS, Acorn Computers, Apple Computer, VLSI Technology, London Stock Exchange, Nasdaq, SoftBank, Inc, Reuters, Barclays, JPMorgan, Mizuho Financial Group, underwriters, Pablo Mayo Cerqueiro, Thomson Locations: Baltimore, Arlington , Virginia, England, China, United States, Bengaluru, London, Lincoln

☆ SoftBank's Arm aims for over $52 bln valuation in biggest US IPO of the year
▼ + stars: | 2023-09-05 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +5 min

The valuation that Arm is chasing now represents a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from its $100 billion Vision Fund. Jamie Mills O’Brien, portfolio manager at British fund manager Abrdn, said he found SoftBank's valuation ask in the IPO "more palatable than initially discussed." REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsReuters first reported on SoftBank's proposed price range for the IPO on Saturday. If the underwriters exercise their right to buy shares in Arm in full as part of 'greenshoe option', it would take the IPO amount to be raised to $5.2 billion. Arm expects to trade on the Nasdaq Global Select Market under the symbol "ARM".

Persons: Group's, SoftBank, Jamie Mills O’Brien, Abrdn, Kim Kyung, Sara Russo, Bernstein, Goldman Sachs, JPMorgan Chase, Manya Saini, Pablo Mayo, Arun Koyyur, Nick Zieminski Organizations: Vision, Nvidia Corp, Apple, Nvidia, Devices, Intel, Samsung Electronics, REUTERS, Rights Reuters, Acorn Computers, Apple Computer, VLSI Technology, London Stock Exchange, Nasdaq, SoftBank, Barclays, JPMorgan, Mizuho Financial Group, underwriters, Pablo Mayo Cerqueiro, Thomson Locations: United Kingdom, China, United States, New York, Tokyo, Japan, Bengaluru, London

Arm's stock market launch is expected to bring back to life a lackluster IPO market, which has over the last year seen several high-profile startups postpone their listing plans due to market volatility. Arm said that more than 50% of its royalty revenue for the most recent fiscal year came from smartphones and consumer electronics. The company, whose chip technology powers most smartphones including iPhones, did not reveal the number of shares it is planning to sell and the valuation it will seek. Arm makes money from upfront licensing fees for technology and then a royalty paid on each chip sold by Arm's customers. Arm's chip designs dominate the smartphone industry, but they are also used in laptops made by Apple (AAPL.O) and some Windows machines.

Persons: Dado Ruvic, SoftBank, Arm, Goldman Sachs, JPMorgan Chase, Manya Saini, Jaiveer, Stephen Nellis, Max Cherney, Echo Wang, Anirban Sen, Stephen Coates Organizations: REUTERS, Arm Holdings, Research, Reuters, Vision Fund, SECOND, Acorn Computers, Apple Inc, Apple Computer, VLSI Technology, London Stock Exchange, Nasdaq, Nvidia Corp, Apple, Nvidia, U.S, Barclays Plc, JPMorgan, Mizuho Financial Group, underwriters, Thomson Locations: U.S, Saudi, China, Arm China, Bengaluru, San Francisco, New York

☆ What ARM's expected debut means for the IPO market and SoftBank
▼ + stars: | 2023-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Its debut will be a big deal for an IPO market that's been in the doldrums since 2022, but the company's listing has big implications for SoftBank as well. SoftBank agreed to acquire Arm in 2016 for $32 billion, which at the time was the biggest-ever purchase of a European technology company. The unit also swung to a 9.5 billion yen loss, having made a profit of 29.8 billion yen in the same period a year earlier. SoftBank said its Vision Fund booked an investment gain of 159.8 billion yen, its first gain in five consecutive quarters. In July, the company led a $65 million investment in U.K. insurance technology company Tractable.

Persons: Son, Tomohiro Ohsumi, SoftBank, It's, Rene Haas, Haas, Nvidia SoftBank, Arm, Grace Hopper, Didi, Uber, Yoshimitsu Goto, Leswing Organizations: SoftBank Group Corp, ARM Holdings, Bloomberg, Getty, Apple, reining, Acorn Computers, Acorn, Machines, VLSI Technology, CNBC, ARM, Nvidia, Vision, Investors, AMD, Vision Fund Locations: Tokyo, Cambridge, England, Switzerland, European, Europe, U.S, London, New York

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