Chip designer ARM goes public in September

Chip designer ARM goes public in September

London, 08/04/2023

According to Bloomberg, the British chip designer Arm is aiming for a valuation of 60 to 70 billion US dollars when it goes public as early as September, riding the wave of the hype surrounding AI chips.

Investors‘ recent enthusiasm for AI companies that rely heavily on processors, which Arm can help develop, could potentially boost the company’s prospects.

The Softbank-owned company aims to raise $8 billion to $10 billion through a Nasdaq IPO, making it one of the biggest tech IPOs of all time.

The public offering could provide a significant funding boost for Arm and allow the company to further expand into advanced computing and AI applications.

Arm recently introduced a new GPU and chipset architecture for machine learning models.

Arm’s designs are used in almost every smartphone worldwide and play a crucial role in chip manufacturing for major semiconductor companies such as Intel, AMD, Nvidia and Qualcomm.