SAN FRANCISCO : The chief executive of Softbank-owned British chip technology firm Arm told Reuters on Tuesday that the company is committed to a stock market float this year.
Arm's fiscal third quarter sales were up 28 per cent to $746 million, one of the few growth areas for Softbank as its vast portfolio of early stage technology startup investments weighed on its results. Part of Haas' strategy has been to speed up Arm's push into other markets such as data center servers, where companies like Amazon.com Inc's cloud unit are using Arm-based chips.
Arm said per-chip royalties, which are steadier than its deal-making business, were up 12 per cent to $446 million in the quarter. That growth came amid a slowdown in the smartphone business that dragged down results at Apple and Qualcomm.