), Arm is developing its own chip. But no, Qualcomm, MediaTek, Samsung, and others need not be concerned. The chip is being produced to help the company show off its designs and to attract new customers."
Those who have been briefed on the move say that this is being done to attract more business and hike revenue and profits before it looks to get listed on the NASDAQ market. You might recall that GPU designerin September 2020. The deal, which would have merged the world's largest supplier of GPUs with the third largest, never was completed as there were too many issues to get the largest semiconductor transaction in history over the finish line.
This news might get some of Arm's customers like Qualcomm and MediaTek nervous about Arm looking to compete in the chip market. But that would be shooting itself in the foot and Arm says that it has no plans to license or sell the chip and is only having prototype chips made. These prototype chips will be built for mobile devices, laptops, and other electronics.