ARM revenues up 34% year on year

The continuing adoption of ARM technology by leading semiconductor companies in a range of end markets has resulted in strong revenues, profits and cash for the organisation. According to the report, 900million ARM processor based chips were shipped in mobile devices alone while the company realised an increased share in consumer electronics and embedded product markets. A further 600m chips were shipped in products in other consumer and automotive applications. Warren East, chief executive officer (pictured), said: "Q3 was a good quarter for ARM. Not only are we benefiting from growth in applications where we are the established market leader, including in smartphones and mobile computers, but we are gaining share in markets like digital tv and microcontrollers. Our partners are also starting to develop chips in new markets for ARM, such as servers and laptops, creating longer term opportunities. In addition, both physical IP and Mali graphics performed well with important license wins and increasing royalty revenues. Given the broadening growth opportunities that are available to us, we have accelerated investment in R&D in the first nine months of the year whilst also increasing both profits and cash generation." East added that he expects sequential revenue growth in the fourth quarter.