British chipmaker Arm Ltd is constructing its personal semiconductor to showcase the capabilities of its merchandise, because it seeks to draw new prospects and gasoline development following its Initial Public Offering (IPO) later this yr, the Financial Times reported on Sunday.
Arm will group up with manufacturing companions to develop the brand new semiconductor, FT mentioned, citing individuals briefed on the transfer, including that the corporate has constructed a brand new “solutions engineering” group that can lead the event of those prototype chips for cell gadgets, laptops and different electronics.
The SoftBank Group Corp-backed firm’s latest chip, on which it began work previously six months, is “more advanced” than ever earlier than, FT mentioned, citing trade executives.
The chip designer has no plans to promote or license the product and is barely engaged on a prototype, FT mentioned.
Arm is a significant provider of mental property to many chip corporations, particularly in cell phones and has partnerships with main chip contract producers.
Earlier this month, Intel Corp mentioned it should work with Arm to make sure that cell phone chips and different merchandise that use Arm’s expertise may be made in Intel’s factories.
Arm didn’t instantly reply to a Reuters request for remark.
(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Frances Kerry)
