(Reuters) – British chipmaker Arm Ltd is constructing its personal semiconductor to showcase the capabilities of its merchandise, because it seeks to draw new clients and gas development following its Preliminary Public Providing (IPO) later this 12 months, the Monetary Occasions reported on Sunday.
Arm will staff up with manufacturing companions to develop the brand new semiconductor, FT stated, citing folks briefed on the transfer, including that the corporate has constructed a brand new “options engineering” staff that may lead the event of those prototype chips for cellular units, laptops and different electronics.
The SoftBank Group Corp-backed firm’s latest chip, on which it began work previously six months, is “extra superior” than ever earlier than, FT stated, citing business executives.
The chip designer has no plans to promote or license the product and is simply engaged on a prototype, FT stated.
Arm is a significant provider of mental property to many chip firms, particularly in cell phones and has partnerships with main chip contract producers.
Earlier this month, Intel Corp stated it should work with Arm to make sure that cell phone chips and different merchandise that use Arm’s know-how may be made in Intel’s factories.
Arm didn’t instantly reply to a Reuters request for remark.
(Reporting by Jahnavi Nidumolu in Bengaluru; Enhancing by Frances Kerry)
