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Arm’s targeted $60 billion IPO rides on the potential of its AI chips

Aug 02, 2023 - qz.com
Arm, a UK-based semiconductor designer owned by SoftBank, is aiming for a valuation between $60 billion and $70 billion for its initial public offering (IPO) at Nasdaq in September. The company, which develops blueprints for microchips used in various devices, is banking on AI-powered chips for this valuation. Arm recently unveiled a new chipset architecture, the Cortex-X4 core, and a GPU called G720, which offer improved performance and reduced power consumption.

The company's IPO projection highlights the importance of AI in the current tech landscape, with many companies shifting towards AI-driven trends that boost demand for chips. Arm's increased investment in AI chip blueprints could prove lucrative as AI evolves into a key technology in the global tech industry, promising more investor confidence in the firm.

Key takeaways:

  • Arm is planning an initial public offering (IPO) at Nasdaq in September, targeting a valuation between $60 billion and $70 billion.
  • The company, owned by SoftBank, is heavily banking on AI-powered chips for this valuation, with its technology used in virtually every smartphone and tablet.
  • In May, Arm unveiled a new chipset architecture for machine learning models, the Cortex-X4 core, and a GPU called G720, which are more efficient and powerful than their predecessors.
  • Arm's focus on AI chip blueprints underlines the significance of AI in the current technology landscape, promising more investor confidence in the firm.
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