Apple has signed a brand new take care of Arm for chip expertise that “extends beyond 2040,” based on Arm’s preliminary public providing paperwork filed on Tuesday.

Arm unveiled pricing on Tuesday for what it hopes might be a $52 billion preliminary public providing, which might be the biggest such deal within the U.S. this 12 months. Arm proprietor SoftBank Group plans to supply 95.5 million American depository shares of the United Kingdom-based firm for $47 to $51 apiece, Arm stated in a submitting.

Arm owns the mental property behind the computing structure for many of the world’s smartphones, which it licenses to Apple and lots of others. Apple makes use of Arm’s expertise within the processes of designing its personal customized chips for its iPhones, iPads and Macs.

The two corporations have an extended historical past – Apple was one of many preliminary corporations that partnered to discovered the agency in 1990, earlier than the discharge of its “Newton” handheld laptop in 1993, which used an Arm-based processor chip. The Newton flopped, however Arm went on to develop into dominant in cell phone chips due to its low energy consumption, which helps batteries last more.

Apple was amongst numerous massive expertise corporations that that on Tuesday invested $735 million in Arm’s preliminary public providing. Reuters final week was the primary to substantiate that Apple was among the many strategic traders who agreed to purchase shares.

The deal disclosed on Tuesday was not talked about in Arm’s earlier IPO submitting paperwork made public on Aug. 21, implying that the deal was signed between then and Sept. 5.

Arm declined to remark past its filings, and Apple didn’t instantly return a request for remark.

(Reporting by Stephen Nellis in San Francisco; Editing by Sandra Maler)