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With Arm looking to re-enter the public market at some point, the British chip designer is hoping to get would-be investors excited with figures that indicate it achieved record revenues and profits in 2021.
Arm on Thursday said its fiscal 2021 revenue grew 35 percent year-on-year to $2.7 billion, serving as one of the few bright spots in what was an otherwise dreadful year for its owner, Japan-based SoftBank Group, which failed to sell the chip designer to GPU giant Nvidia after facing pushback from regulators.
During that doomed merger attempt, Nvidia’s submissions [PDF] to the UK’s monopoly watchdog with Arm, arguing in favor of the acquisition, at times painted Arm as some kind of injured swan in need of help to survive. For example, it was stated that “as a standalone business, Arm faces significant challenges to growth,” and “Arm’s original market, and the largest source of its revenue, mobile, is saturated.” Now that the fateful takeover has been called off, Arm can’t wait to assert it was, and is, going gangbusters all by itself after all.
via The Register https://ift.tt/OoJBUx9
May 13, 2022 at 04:02AM