Apple has signed a new deal with Arm for chip technology that extends beyond 2040, according to Arm’s IPO documents filed on Tuesday, as reported by Reuters.
“We have entered into a new long-term agreement with Apple that extends beyond 2040, continuing our longstanding relationship of collaboration with Apple and Apple’s access to the Arm architecture,” Arm said in the document.
Apple’s partnership with Arm goes back a long way, before the first iPhone. As early as 1993, Apple was already using ARM chips in its Newton handheld computer. Then, from the iPhones to the Apple Watch, use ARM-based chips. In 2020, Apple announced a significant change for its Mac lineup, which now uses the same ARM-based M-series Apple Silicon chips, ditching Intel processors.
Arm, the British semiconductor and software design company, has attracted interest from major technology firms, which includes of AMD, Google, Intel, Nvidia, Samsung, and TSMC. According to Arm’s documents, these companies have shown interest in purchasing up to $735 million worth of Arm shares, including Apple.
Arm announced the pricing details for its initial public offering, hoping to raise $52 billion. According to a recent filing, Arm’s owner, SoftBank Group, plans to offer 95.5 million American depositary shares of the UK-based company at a price range of $47 to $51 per share.
SoftBank is in talks to buy the remaining 25% stake in Arm from Vision Fund 1 for an immediate windfall to investors. Arm declined the British government’s proposal and opted for a flotation on a US exchange. Arm, whose business focuses on licensing designs, and a dip in smartphone demand recently impacted its profits.
Arm’s IPO follows Nvidia’s failed attempt to acquire the chip designer. The deal was called off due to “significant regulatory challenges, ” as it faced intense scrutiny from UK, EU, and US regulators.
“We have entered into a new long-term agreement with Apple that extends beyond 2040, continuing our longstanding relationship of collaboration with Apple and Apple’s access to the Arm architecture,” Arm said in the document.
Apple’s partnership with Arm goes back a long way, before the first iPhone. As early as 1993, Apple was already using ARM chips in its Newton handheld computer. Then, from the iPhones to the Apple Watch, use ARM-based chips. In 2020, Apple announced a significant change for its Mac lineup, which now uses the same ARM-based M-series Apple Silicon chips, ditching Intel processors.
Arm, the British semiconductor and software design company, has attracted interest from major technology firms, which includes of AMD, Google, Intel, Nvidia, Samsung, and TSMC. According to Arm’s documents, these companies have shown interest in purchasing up to $735 million worth of Arm shares, including Apple.
Arm announced the pricing details for its initial public offering, hoping to raise $52 billion. According to a recent filing, Arm’s owner, SoftBank Group, plans to offer 95.5 million American depositary shares of the UK-based company at a price range of $47 to $51 per share.
SoftBank is in talks to buy the remaining 25% stake in Arm from Vision Fund 1 for an immediate windfall to investors. Arm declined the British government’s proposal and opted for a flotation on a US exchange. Arm, whose business focuses on licensing designs, and a dip in smartphone demand recently impacted its profits.
Arm’s IPO follows Nvidia’s failed attempt to acquire the chip designer. The deal was called off due to “significant regulatory challenges, ” as it faced intense scrutiny from UK, EU, and US regulators.
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