BBCNEWS Asia Business Report June 4, 2024 00:31:00
Arm did not reveal the number of shares it was selling or the pricing of its offering but it is reportedly looking for a valuation of between 60 to 70 billion dollars. ahead of the ipo, the cambridge base company revealed revenue was down 1% from a year earlier. the company, which is currently owned by japans softbank, is a chip designer whose technology powers most smartphones around the world, including iphones. in 2020, silicon valley chip maker nvidia tried to buy arm but the deal fell throu...
Source: archive.org