Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessArm Stock Gains 6 percent on AI Chips Launch Plan

Arm Stock Gains 6 percent on AI Chips Launch Plan

Add to Favorite
Added to Favorite


Arm Holdings (NASDAQ:ARM), a subsidiary of SoftBank Group, saw its shares rise by more than 6% intra-ay today after announcing that it is planning to enter the AI chip market as part of CEO Masayoshi Son’s strategy to transform the conglomerate into a dominant force in artificial intelligence.
A report from Asia Nikkei indicates that Arm Holdings intends to create a new division specifically for AI chips, with goals to develop a prototype by spring 2025 and to begin mass production by fall 2025 through contract manufacturers. This move is a component of SoftBank’s larger plan to invest 10 trillion yen ($64 billion) in AI technologies.
Arm currently leads the smartphone processor architecture market, commanding over a 90% share. Owned predominantly by SoftBank, which holds a 90% stake, Arm will cover the initial development costs, expected to be in the hundreds of billions of yen. SoftBank will also provide financial support for this project. There is a possibility that the AI chip business could eventually be spun off into a separate company under SoftBank once it reaches the mass production stage.

Subscribe to get Latest News Updates

Latest News

You may like more
more

TriplePoint Venture Growth (NYSE:TPVG) Analyst Update and Financial Overview

Piper Sandler analyst Crispin Love sets a price target...

Latest Market Movements: Top Gainers Analyzed

Metropolitan West Floating Rate Income Fund (MWFLX) sees a...

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Earnings Report Highlights

Earnings per share (EPS) of $0.39 was reported, falling...

Garmin Ltd. (NYSE: GRMN) Sees Significant Stock Surge Amid Strong Financial Performance

Garmin Ltd. (NYSE:GRMN) stock price surged by 26.03% following...