Arm, the chip designer owned by Japan's SoftBank, filed for a Nasdaq listing on Monday, positioning itself to go public during a historically slow period for tech IPOs.
Arm's 2023 revenue was slightly down from the company's 2022 sales of $2.7 billion.
Arm chips are made by companies including Amazon, Alphabet, AMD, Intel, Nvidia, Qualcomm, and Samsung, according to the filing.
Arm said that its technology was included in over 30 billion chips shipped in its fiscal 2023.
SoftBank originally sought to sell Arm to chip giant Nvidia , but the deal faced major pushback from regulators, who raised concerns over competition and national security.
Persons:
Japan's SoftBank, confidentially, SoftBank
Organizations:
London Stock Exchange, AMD, Intel, Nvidia, Qualcomm, Samsung
Locations:
U.S