According to Reuters reports, local time on Tuesday, SoftBank’s British chip design company Arm Chief Executive Officer Rene Haas said the company is committed to this year’s IPO.
In an interview after Arm’s parent company reported its fourth consecutive quarterly loss, Rene Haas said, “The plans are actually pretty well in place and are underway.” “We are doing everything we can to work toward achieving that goal this year.”
Arm’s fiscal third-quarter sales rose 28 percent to $746 million (currently about RMB 5.065 billion), one of the few areas of growth for SoftBank, which has been dragged down by heavy investments in tech startups.
Arm is the world’s largest supplier of smartphone chip designs, selling licenses to companies such as Apple and Qualcomm. arm benefits by entering into pre-licensing agreements with these companies and then charging royalties for each chip sold using its technology.
In addition, part of Haas’s strategy is to accelerate Arm’s entry into other markets, such as data center servers, where companies such as Amazon’s cloud division use Arm-based chips.
