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☆ Enovix buys Korean battery maker RouteJade in cash and stock deal
▼ + stars: | 2023-09-20 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

Sept 20 (Reuters) - Enovix (ENVX.O), a Silicon Valley firm developing new battery technology for consumer electronics such as mobile phones, said on Wednesday it has acquired Korean battery maker RouteJade in a cash-and-stock deal. Enovix said it paid $16.5 million in cash and 6.2 million shares of common stock for RouteJade, which had previously been a supplier to Enovix. Enovix Chief Executive Raj Talluri told Reuters that the deal will help Fremont, California-based Enovix vertically integrate its battery manufacturing operations as it scales up a factory in Malaysia next year. With the deal, "we are able to really take advantage of all the new materials coming out and quickly run them through R&D and manufacturing, so we can change our battery composition quickly," Talluri said. Enovix is developing a technology that can replace part of a battery called an anode, traditionally made out of graphite, with silicon instead.

Persons: Enovix, Raj Talluri, Talluri, That's, Stephen Nellis, Matthew Lewis Organizations: Enovix, Reuters, HK, Lenovo Group, San, Thomson Locations: Silicon, Korean, Fremont , California, Malaysia, Malaysian, San Francisco

☆ Qualcomm enters new Wi-Fi router market in deals with Charter, EE
▼ + stars: | 2023-09-20 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

A smartphone with a displayed Qualcomm logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 20 (Reuters) - Qualcomm (QCOM.O) on Wednesday said it was getting into a new market for Wi-Fi routers and that Charter Communications (CHTR.O) and the UK's EE will be among its first customers. San Diego, California-based Qualcomm is the world's biggest supplier of the chips that help mobile phones connect to cellular data networks, but it has also long had a business selling Wi-Fi chips for consumer Wi-Fi routers. EE and Charter, which goes by the name Spectrum in the broadband market, said they will both use routers from Qualcomm starting next year. Qualcomm did not disclose the price of the acquisition, saying it too small to be material to its financial results.

Persons: Dado Ruvic, Rahul Patel, Stephen Nellis Organizations: Qualcomm, REUTERS, Communications, Netflix, Reuters, OptiCore Technologies, Thomson Locations: San Diego , California, San Francisco

The capability, which Intel showed off during a software developer conference held in Silicon Valley, could let businesses and consumers test ChatGPT-style technologies without sending sensitive data off their own computer. It is made possible by new AI data-crunching features built into Intel's forthcoming "Meteor Lake" laptop chip and from new software tools the company is releasing. Intel said on Tuesday that it was building a new supercomputer that would be used by Stability AI, a startup that makes image-generating software. China's Alibaba Group Holdings (9988.HK) is using its newest central processors to serve up chatbot technology, Intel said. If Intel Chief Gelsinger can make AI "so that anyone can use it, that creates a much bigger market for chips – the chips that he makes," Hutcheson said.

Persons: Arnd, Taylor Swift, Pat Gelsinger, Gelsinger, Sachin Katti, Dan Hutcheson, TechInsights, Hutcheson, Stephen Nellis, Max Cherney, Peter Henderson, Lincoln, Josie Kao Organizations: Intel Corporation, REUTERS, JOSE, Intel, ., Taiwan Semiconductor Manufacturing, Nvidia, Stability, Alibaba, Holdings, Meta, Reuters, Thomson Locations: Davos, Switzerland, California, Silicon Valley, HK, San Francisco, San Jose , California

☆ US lawmaker to urge chip industry group to reduce China investments -source
▼ + stars: | 2023-09-19 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Nathan Howard/File Photo Acquire Licensing RightsSept 19 (Reuters) - The chair of the U.S. House of Representatives' committee on China is planning to meet with a semiconductor industry group to express concerns over U.S. investments in China's chip industry, according to a source familiar with the matter. The group represents major chip firms such as Nvidia (NVDA.O) and Intel (INTC.O), whose sales to China have been affected by recent changes in U.S. export rules. The source added that Gallagher also aims to talk with the group about reducing the number of semiconductor manufacturing machines that could be sent to China. Also among the planned discussion topics is U.S. investment in Chinese chip firms, according to the source. A representative for the Semiconductor Industry Association declined to comment.

Persons: Mike Gallagher, Nathan Howard, Biden, Gallagher, Stephen Nellis, Nick Zieminski, Rosalba O'Brien Organizations: Republican U.S . Rep, U.S, Capitol, REUTERS, U.S . House, Representatives, Republican, Semiconductor Industry Association, Nvidia, Intel, Qualcomm, San, Thomson Locations: Washington , U.S, China, San Francisco

☆ Microsoft says product chief Panay to step down; Davuluri to lead Windows
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

Sept 18 (Reuters) - Microsoft's (MSFT.O) Pavan Davuluri will lead a team focused on Windows software, devices portfolio and semiconductor chips, the company said on Monday, while announcing the departure of longtime product chief Panos Panay. The team led by Davuluri will "build silicon, systems and devices that span Windows, client and cloud for an AI world," according to a staff email by Rajesh Jha, executive vice president of experiences and devices group at Microsoft. Davuluri will report to Microsoft Chief Executive Officer Satya Nadella, the email said. Microsoft is also creating a team to work on web services and Windows experiences with a focus on AI-based offerings. Reporting by Yuvraj Malik in Bengaluru and Stephen Nellis in San Francisco; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

Persons: Pavan, Panos Panay, Davuluri, Rajesh Jha, Redmond, Satya Nadella, Yuvraj Malik, Stephen Nellis, Anil D'Silva Organizations: Microsoft, Reuters, Thomson Locations: Panay, Washington, Bengaluru, San Francisco

☆ Chip startup UltraSense enters deal with Korean automotive supplier
▼ + stars: | 2023-09-18 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

A view of cars on the road during rush hour traffic jam, in San Francisco, California, U.S. August 24, 2022. UltraSense makes a chip that uses ultrasound waves to detect when a person has tapped on a solid surface. Daniel Goehl, UltraSense's chief business officer, told Reuters that automotive companies are experimenting with replacing traditional control buttons with solid panels of metal or wood, especially in high-end models. Under the deal announced on Monday, Mobase, a supplier to Korea's automotive industry, will use UltraSense chips in button bars it supplies to automakers. San Jose, California-based UltraSense's Goehl declined to say which vehicles will contain his company's chips, but said they will show up in "high-tier" models from Korean automakers.

Persons: Carlos Barria, UltraSense, Daniel Goehl, Byeong, Goehl, there'll, Stephen Nellis, Will Dunham Organizations: REUTERS, UltraSense Systems, Reuters, Thomson Locations: San Francisco , California, U.S, Jose , California, San Francisco

☆ Adobe rolls out AI features, plans for price hikes and payouts
▼ + stars: | 2023-09-13 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

Adobe makes Photoshop and other editing tools that form the core of its Creative Cloud subscription software business. For the past six months, the company has been steadily adding new AI features to those programs, such as the ability to generate images from text. Adobe customers will get a certain number of "credits" toward using generative AI features. Adobe also said it will pay the contributors to its stock imagery databases that are used to train its AI systems. After that, Adobe will start paying out the bonus each year for the training work done with its AI systems.

Persons: Ely Greenfield, Stephen Nellis, Richard Chang Organizations: Wednesday, Adobe, Reuters, Thomson Locations: San Francisco

☆ Apple unveils iPhone 15 Pro with titanium case, holds line on prices
▼ + stars: | 2023-09-12 | by ( Stephen Nellis | ) www.reuters.com time to read: +5 min

IPHONE 15 LAUNCHBoth the Pro and other iPhone 15 models will have a brighter display and a 48-megapixel camera as well as 100% recycled cobalt in their batteries. [1/6]New iPhone 15 and iPhone 15 Plus are displayed during the 'Wonderlust' event at the company's headquarters in Cupertino, California, U.S. September 12, 2023. Apple said that USB-C charging cables are coming to both its iPhone 15 and the charging case of its AirPods Pro devices. She said the shift "brought some differentiation to the iPhone Pro, because there's faster throughput for data transfer. The iPhone 15 costs $799, the iPhone 15 Plus starts at $899 and the Pro series starts at $999.

Persons: Apple, Jeff Williams, Loren Elliott, Carolina Milanesi, Milanesi, Greg Joswiak, Bob O'Donnell, Pro Max, Lisa Jackson, Stephen Nellis, Aditya Soni, Pushkala, Raechel, Yuvraj Malik, Peter Henderson, Lisa Shumaker Organizations: Apple, Huawei Technologies, Huawei, Securities Times, REUTERS, American Automobile Association, AAA, Creative, TECHnalysis Research, Pro, Counterpoint Research, Thomson Locations: CUPERTINO , California, Cupertino , California, China, U.S, United States, Bengaluru

☆ Apple's plan for climate-friendly watches: Clean energy in factories
▼ + stars: | 2023-09-12 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

The biggest single reduction in the emissions from the new watches came from using clean electricity to manufacture them. Apple on Tuesday said that 300 of its suppliers have now committed to using clean energy for Apple production. But another emissions source was Apple's speedy transportation network, which relies heavily on planes. The company has said previously that a Series 8 watch created 33 kg (73 lb) of carbon emissions, from raw materials to delivery to end customers. Apple has been focused on cutting carbon emissions for some time.

Persons: Steve Jobs, Loren Elliott, Lisa Jackson, Jackson, John Ternus, Apple, Stephen Nellis, Peter Henderson, Lisa Shumaker Organizations: Steve, Apple, REUTERS, Rights, Reuters, Thomson Locations: Cupertino , California, U.S, Rights CUPERTINO , California, China

☆ Apple's iPhone 15 launch clouded by China problems
▼ + stars: | 2023-09-12 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

The iPhone made up more than half of Apple's $394.3 billion in sales last year, but it faces new challenges with selling in China, the Cupertino, California firm's third-largest market. Huawei wants to gain an edge on Apple with add-on features like satellite calling that relies on China's government-backed network. Apple's current iPhone lineup includes satellite capabilities, though they are meant only for emergency situations. "The truth of the matter is, we're in a very down smartphone market," said Bob O'Donnell, head of TECHnalysis Research. Reporting by Stephen Nellis in Cupertino, California; Editing by Peter Henderson and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Apple, Ben Bajarin, Bob O'Donnell, O'Donnell, Tim Cook's, Siri, Stephen Nellis, Peter Henderson, Lisa Shumaker Organizations: Apple, REUTERS, Rights, Huawei Technologies, Huawei, iPhones, Apple Watch, Creative, Counterpoint Research, TECHnalysis Research, Thomson Locations: Rights CUPERTINO , California, China, Cupertino , California

☆ AI chip startup Enfabrica raises $125 mln, with backing from Nvidia
▼ + stars: | 2023-09-12 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. Chips from Nvidia (NVDA.O), the world's most valuable semiconductor firm, are at the heart of that transition. Enfabrica has designed a network chip that aims to connect the different pieces of a data center together in new ways to solve that problem. The Enfabrica chip creates a network that looks like a hub and spokes, allowing the Nvidia GPUs doing the data crunching to draw data from multiple different places without hitting speed bumps. Enfabrica added new backers that included IAG Capital Partners, Liberty Global Ventures, Valor Equity Partners, Infinitum Partners and Alumni Ventures.

Persons: Dado Ruvic, Enfabrica, Rochan Sankar, Sankar, Gavin Baker, Stephen Nellis, Stephen Coates Organizations: REUTERS, Nvidia, Broadcom, Google, Atreides Management, Fidelity Investments, IAG Capital Partners, Liberty Global Ventures, Valor Equity Partners, Ventures, Hill Ventures, Thomson Locations: San Francisco

☆ Qualcomm to supply Apple with 5G chips until 2026 under new deal
▼ + stars: | 2023-09-11 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsSept 11 (Reuters) - Qualcomm (QCOM.O) on Monday said it had signed a new deal with Apple (AAPL.O) to supply 5G chips to the iPhone maker until at least 2026. Qualcomm, whose shares rose more than 8% in premarket trading, is the leading designer of what are known as modem chips that connect phones to mobile data networks. The San Diego, California-based firm previously signed a supply deal with Apple in 2019, after the two companies settled a protracted legal battle. Under the deal announced Monday, Qualcomm said it will supply Apple with chips for phones that will come out each year until 2026. Qualcomm also said that a patent licensing deal it signed with Apple in 2019 remains in place.

Persons: Dado Ruvic, Apple's, Stephen Nellis, Yuvraj Malik, Miral Organizations: Qualcomm, REUTERS, Apple, Thomson Locations: San Diego , California, San Francisco, Bengaluru

☆ US lawmaker calls for ending Huawei, SMIC exports after chip breakthrough
▼ + stars: | 2023-09-06 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

The phone contains a chip that analysts believe was made with a technology breakthrough by Semiconductor International Manufacturing Corp (SMIC) (0981.HK). "This chip likely could not be produced without US technology and thus SMIC may have violated the Department of Commerce’s Foreign Direct Product Rule," Gallagher said in a statement. SMIC was added to the so-called entity list in December 2020, over fears it could divert advanced technology to military users. The trade restrictions imposed on Huawei and SMIC include the Foreign Direct Product Rule meant to bar any company anywhere in the world from using tools from the United States to manufacture a chip for Huawei. But suppliers to Huawei and SMIC have received billions of dollars' worth of licenses to sell U.S. technology to the companies despite their being on the trade lists, Reuters has previously reported.

Persons: Mike Gallagher, Biden, Gallagher, SMIC, Stephen Nellis, Leslie Adler Organizations: U.S . Commerce, Huawei, Representatives, Republican, Semiconductor International Manufacturing Corp, HK, of Commerce’s, SMIC, Foreign, Reuters, U.S, Commerce Department's, Thomson Locations: China, United States, San Francisco

☆ Qualcomm to supply BMW and Mercedes with chips for displays, voice features
▼ + stars: | 2023-09-05 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSAN FRANCISCO/MUNICH, Sept 5 (Reuters) - U.S. semiconductor company Qualcomm (QCOM.O) on Tuesday said it will supply chips to power in-car infotainment systems to luxury automakers Mercedes (MBGn.DE) and BMW (BMWG.DE). Qualcomm is the leading supplier of the chips used in smartphones, a market that has slumped over the past year. Qualcomm said in a statement it will supply BMW with chips that will help power voice commands inside the car. It also said it will supply chips for the next version of the Mercedes E class models, which will be available in the U.S. in 2024. "One of the things we're very focused on the company is to find new areas for growth... automotive is one of those areas," Amon said.

Persons: Dado Ruvic, Cristiano Amon, Amon, Stephen Nellis, Victoria Waldersee, Christina Amann, Rashmi Aich, Kim Coghill Organizations: Qualcomm, REUTERS, FRANCISCO, BMW, Mercedes, Arm Holdings, SoftBank Group Corp, Thomson Locations: MUNICH, U.S, Munich, Britain, San Francisco

☆ Apple inks new long-term deal with Arm for chip technology - filing
▼ + stars: | 2023-09-05 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 5 (Reuters) - Apple (AAPL.O) has signed a new deal with Arm for chip technology that "extends beyond 2040," according to Arm's initial public offering documents filed on Tuesday. Arm unveiled pricing on Tuesday for what it hopes will be a $52 billion initial public offering, which would be the largest such deal in the U.S. this year. Apple uses Arm's technology in the processes of designing its own custom chips for its iPhones, iPads and Macs. Apple was among a number of large technology companies that that on Tuesday invested $735 million in Arm's initial public offering. Arm declined to comment beyond its filings, and Apple did not immediately return a request for comment.

Persons: Dado Ruvic, Arm, Newton, Stephen Nellis, Sandra Maler Organizations: REUTERS, SoftBank, Apple, Reuters, Thomson Locations: U.S, United Kingdom, San Francisco

The U.S. Commerce Department, which normally administers new licensing requirements on exports, did not immediately return a request for comment. Last September AMD said it had received new license requirements that would halt exports of its MI250 artificial-intelligence chips to China. Nvidia, AMD and Intel (INTC.O) have since then all disclosed plans to create less powerful AI chips that can be exported to the Chinese market. Nvidia this week did not specify which countries in the Middle East were affected. About 13.9% of sales came from all other countries combined, and Nvidia does not provide a revenue breakout from the Middle East.

Persons: Dado Ruvic, Biden, Jasper Ward, Ismail Shakil, Stephen Nellis, Max Cherney, Abinaya, Chris Sanders, Nick Zieminski, Matthew Lewis, Lincoln Organizations: NVIDIA, REUTERS, Nvidia, Devices, AMD, U.S, U.S . Commerce Department, Intel, USG, ., Thomson Locations: U.S, China, United States, Taiwan, Japan, Netherlands, Washington, Ottawa, San Francisco, Bengaluru

☆ U.S. denies blocking chip sales to Middle East
▼ + stars: | 2023-08-31 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

A worker miniature is placed among printed circuit boards with semiconductor chips, in this illustration picture taken July 5, 2023. Neither Nvidia nor AMD immediately returned requests for comment on Thursday. The new rules would require Nvidia to seek licenses before selling its flagship chips to some Middle Eastern countries, the filing said. Neither Nvidia nor AMD have disclosed whether they have applied for such licenses and whether they have been approved or denied. Many of the U.S. curbs on technology exports to China amount to a blanket denial of all licenses.

Persons: Florence Lo, Biden, Stephen Nellis, Richard Chang Organizations: REUTERS, U.S . Department of Commerce, Washington, Nvidia, Devices, AMD, Commerce Department, U.S, Thomson Locations: U.S, China, San Francisco

☆ US restricts exports of some Nvidia chips to certain Middle East countries
▼ + stars: | 2023-08-30 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo/File Photo Acquire Licensing RightsAug 30 (Reuters) - The U.S. expanded the restriction of exports of sophisticated Nvidia (NVDA.O) artificial intelligence chips beyond China to other regions including some countries in the Middle East, the company said in a regulatory filing this week. A sweeping set of rules announced last October signaled a major escalation of the U.S. crackdown on China's technological capabilities, but it wasn't immediately clear what risks exports to the Middle East posed. Nvidia did not specify which countries in the Middle East were affected. About 13.9% of sales came from all other countries combined, and Nvidia does not provide a revenue breakout from the Middle East. One year ago, Nvidia said U.S. officials told it to stop exporting the same two computing chips for AI work to China.

Persons: Dado Ruvic, wasn't, Jasper Ward, Ismail Shakil, Stephen Nellis, Rami Ayyub, Eric Beech, Nick Zieminski Organizations: NVIDIA, REUTERS, Nvidia, U.S . Commerce, USG, ., Thomson Locations: U.S, China, United States, Taiwan, San Francisco

☆ Ampere says flagship chip to be offered by Google Cloud
▼ + stars: | 2023-08-29 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

Aug 29 (Reuters) - Ampere Computing, a semiconductor firm headed by ex-Intel executives that is planning to list its shares publicly, said on Tuesday its flagship chips will be offered by Alphabet's (GOOGL.O) Google Cloud service. The deal is significant because cloud computing firms such as Google are some of the biggest buyers of data center chips. Jeff Wittich, Ampere's chief product officer, said more deals with other cloud providers will follow later this year, but he declined to name them. Ampere's chips use technology from SoftBank Group's (9984.T) Arm, which revealed earlier this month in initial public offering filings that it owns a 6.8% stake in Ampere. Ampere's chips aim to use less energy than rival chips from Intel while doing similar kinds of computing work.

Persons: Jeff Wittich, SoftBank Group's, Wittich, Stephen Nellis, Paul Simao Organizations: Ampere Computing, Intel, Alphabet's, Google, Oracle, Amazon.com, Thomson Locations: San Francisco

☆ Intel says new 'Sierra Forest' chip to more than double power efficiency
▼ + stars: | 2023-08-28 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

At a semiconductor technology conference held at Stanford University in Silicon Valley, Intel said its "Sierra Forest" chip will have 240% better performance per watt than its current generation of data center chip, the first time the company has disclosed such figures. That has pushed chip companies to focus on how to get more computing work done per chip. Ampere Computing, a startup founded by ex-Intel executives, was first to market with a chip focused on handling cloud computing work efficiently. Intel, which has lost market share to AMD and Ampere in data centers, said on Monday its "Sierra Forest" chip is on track to arrive next year. The company is for the first time splitting its data center chips into two categories: A "Granite Rapids" chip that will focus on performance but consume more power, and the more efficient "Sierra Forest" chip.

Persons: Dado Ruvic, Singhal, Stephen Nellis, Bill Berkrot Organizations: REUTERS, Intel, Stanford University, Ampere Computing, Devices, AMD, Ampere, Thomson Locations: Silicon Valley, San Francisco

Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed. However, Nvidia's stock buyback - the fifth-biggest repurchase announcement among U.S.-based companies this year, according to EPFR - surprised some investors. Despite the staggering dollar amount, Nvidia's buyback amounted to only 2.1% of its nearly $1.2 trillion market value, or buyback yield, as of Wednesday. Indeed, some investors welcomed Nvidia's buyback decision. "It’s a show of confidence," said Francisco Bido, senior portfolio manager for F/M Investments' large cap focused fund, which holds Nvidia shares.

Persons: Dado Ruvic, Lip, Daniel Morgan, Morgan, Refinitiv, Tom Plumb, Plumb, buyback, Howard Silverblatt, Dow, Daniel Klausner, Houlihan Lokey, Nvidia's, Francisco Bido, Lewis Krauskopf, Chibuike Oguh, Lance Tupper, Echo Wang, Stephen Nellis, Ira Iosebashvili, Matthew Lewis Organizations: NVIDIA, REUTERS, Nvidia, Companies, Wealth Management, Synovus, Plumb Funds, Arm Holdings, Dow Jones, Apple, Tech, Investments, Thomson Locations: New York, San Francisco

The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Nvidia's stock price, though, has more than tripled this year and was set to hit an all-time high after Wednesday's results. The company has a near-monopoly on the computing systems used to power services like ChatGPT, OpenAI's blockbuster generative AI chatbot. Huang declined to comment on whether the AI boom will last past next year. The company said the biggest sales driver this quarter was its HGX system, which is an entire computer built around Nvidia's chip.

Persons: Tyrone Siu, Huang, Jensen Huang, quashing, Kinngai Chan, Chan, Dylan Patel, SemiAnalysis, Patel, We're, Stephen Nellis, Max Cherney, Chavi Mehta, Sonali Paul Organizations: Nvidia Corporation, REUTERS, Nvidia, Reuters, Microsoft, Summit, Thomson Locations: Taipei, Taiwan, OpenAI, San Francisco

Virtually all of that revenue comes from Arm China, an independent entity that has the exclusive rights to distribute Arm's technology in the country. That makes Arm China, not better-known names like Apple (AAPL.O) or Qualcomm (QCOM.O), Arm's largest customer. And this customer has a history of late payments and presents "significant risks" to Arm's business, according to its filing. HISTORY OF LATE PAYMENTSArm said in its filings that "in the past, we have received late payments from Arm China and have had to expend company resources to obtain payments from Arm China." In its filing, it said cash from operating activities increased by $281 million in its most recent fiscal year, driven mostly by $713 million in collections from Arm China, though that was partly offset by cash owed to Arm China.

Persons: Dado Ruvic, SoftBank, Allen Wu, Wu, Stewart Randall, Yelin, Max A, Cherney, Stephen Nellis, Matthew Lewis Organizations: REUTERS, Arm Holdings, U.S, Softbank Group Corp, Apple, Qualcomm, SoftBank, Arm Technology, Co, Hopu Investments, Chief, longtime, Hopu Investment, Arm, San, Thomson Locations: China, Arm China, U.S, Shanghai, Yelin Mo, Beijing, San Francisco

Arm is hoping for a valuation of up to $70 billion in the IPO, which will launch on the Nasdaq next month. Arm and its owner SoftBank Group have set aside 10% of the shares to be sold in the IPO for its clients, the sources said. Its close relationship with Arm has helped it design chips that curbed its reliance on Intel as a supplier. Many technology companies that seek to make their own chips using Arm’s designs turn to TSMC for its low-cost manufacturing. None of these companies’ investments in Arm’s IPO are certain.

Persons: Dado Ruvic, ”, Jack Gold, SoftBank, Apple spokespeople, Jay Lee, Masayoshi Son, Son, TSMC, Dylan Patel Organizations: FRANCISCO, Reuters, Arm Holdings, REUTERS, Apple, Intel, Nvidia, Microsoft, Samsung Electronics, Nasdaq, Gold Associates, SoftBank, Devices Inc, APPLE, SAMSUNG, Samsung, MICROSOFT, Devices, Vision Fund Locations: Switzerland, Japan

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