2023-09-06 07:35:20
British tech firm Arm
The company has signed a long-term deal with Apple.
(Photo: Reuters)
San Francisco The British chip designer Arm signs a contract with the tech group Apple shortly before its intended IPO. The deal extends “beyond 2040,” according to Arm’s IPO filings Tuesday.
Arm owns the intellectual property in the computer architecture for most of the world’s smartphones and licenses it to Apple and many other companies. The processors of practically all smartphones are based on the Arm designs.
Apple is one of the big tech companies investing in Arm’s IPO. Arm declined to comment beyond the content of the documents. Apple did not immediately respond to a request. The deal was not mentioned in Arm’s IPO documents released Aug. 21, suggesting it was signed between that date and Sept. 5.
More: Arm targets $52 billion valuation at IPO
#Apple #invests #IPO #chip #company #Arm