Arm posts impressive revenues

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Rene Haas, the chief executive of British chip technology firm Arm, has said that the company is committed to a stock market float this year.

"The plans are actually fairly well developed and underway now. We're doing everything we can and are committed to have it happen this year,” he said.

The plans come as Softbank, the owner of Arm, reported a fourth straight quarter of losses.

By contrast, Arm's fiscal third quarter sales were up 28% to $746 million, representing one of the few growth areas for Softbank.

It seems that Haas’ strategy of pushing the company into new markets like data centres is paying off – with the likes of Amazon now using Arm-based chips.

Arm is the world's biggest supplier of chip design elements, and its IP is used across the electronics industry with the likes of Apple and Qualcomm as big customers.

License revenues were up 65% to $300 million, according to Arm, although it did concede that these strong results were helped by the fact that multiple deals landed at once.

Arm said per-chip royalties were up 12% to $446 million in the quarter despite a significant slowdown in the smartphone business.

The company said that it was seeing more IP going into each chip, with advanced phone chips now using 10 to 12 computing cores, which has meant higher royalties for each chip sold.

Arm appears to be weathering the tech slowdown better than many expected; next up is where that expected stock flotation will take place – New York or London?

Will the extensive UK government arm-twisting to try and get Arm to list in London pay off?