Page 4 - Chip Designer News Today

(Reuters) -Chip designer Nvidia forecast fiscal fourth-quarter revenue above Wall Street targets on Tuesday as supply-chain issues ease, but a cloudy outlook for China sales weighed on shares that have more than tripled in price this year. Nvidia, which outsources manufacturing to chipmakers like TSMC, has said it expects supply for its AI chips to improve each quarter, with the company making prepayments and placing noncancellable orders to ensure suppliers prioritize its chips. But the red-...

The company went public at $30 a share. The stock soared above $40 in first trades, marking the second high-flying IPO in less than a week.

(Reuters) -Shares of Arm Holdings closed down 4.9% on Tuesday, in their third daily decline out of the stock's first four sessions as a listed company, as investor interest faded in the biggest initial public offering (IPO) for the year so far. The chip designer, in which Softbank holds a roughly 90% stake, closed at $63.59 on Thursday, which was almost 25% higher than its IPO price of $51. Arm shares underperformed the Philadelphia semiconductor index, which closed down 0.96% on Tuesday as...

Shares in SoftBank's Arm Holdings surged nearly 25% above their Nasdaq debut price, signaling a potential turnaround in the IPO market. Arm's strong p

Arms business centers on designing chips and licensing the intellectual property to customers, rather than chip manufacturing, for which it relies on partners. The company recorded $2.68 billion of revenue in its last fiscal year, which ended in March, and had $524 million in profit for that period.

The SoftBank-owned chip firm is set to return to the public markets with a NASDAQ listing that could reveal investor sentiment towards AI.

The listing could revive the ailing IPO market and prompt more companies to go public following a prolonged slump.

Benzinga Qualcomm Announces Chip Supply Agreement With Apple Qualcomm Inc (NASDAQ: QCOM) stock is trading higher Monday after the chip designer forged a deal with Apple Inc (NASDAQ: APPL). Under the deal, Qualcomm will supply Snapdragon 5G Modem‑RF Systems for the iPhone maker's smartphone launch in 2024, 2025, and 2026. The agreement eyes a 20% share of chipset supply for smartphone launch in 2026. Vietnam Airlines Eyes Monumental $10 Billion Deal With Boeing In a strategic move tha...

That price range values Arm at $50 billion to $54.5 billion on a fully diluted basis. This would represent a climb-down from the $64 billion valuation at which SoftBank last month acquired the 25% stake it did not already own in the company from the $100 billion Vision Fund it manages.

While the oversubscription does not guarantee strong IPO performance, it is a positive sign for Arm. It makes it more likely that the company will, at a minimum, reach its targeted price range of $47 to $51 per share, a source said.