37-year-old launched a bank specifically for Black-owned businesses—it already has 3,000 members in just 7 months
Arm's business model is to license the intellectual property for these architectures so that they can build systems around them. In recent years, ARM has tried to sell its own designs for processors, a more lucrative business than just licensing the underlying architecture technology. The unit also swung to a 9.5 billion yen loss, having made a profit of 29.8 billion yen in the same period a year earlier.SoftBank originally tried to sell Arm to chip giant Nvidia, but the deal faced pushback from regulators, who raised concerns over competition and national security.is a behemoth in the world of semiconductors, and the company is now benefiting heavily from the boom in AI applications as demand for its GPUs soars.
The change of the company's ownership to foreign hands is seen as a thorny topic for the domestic tech industry, not least due to concerns that it undermines the U.K.'s"tech sovereignty," an issue that has cropped up throughout Europe as officials look to reduce dependence on technology from the U.S. and other nations.
As well as being a bellwether for the chip industry, Arm plays a role in the AI space — and is increasingly touting itself as an AI company. Investors will be watching out for the company's S-1 filing to see how it sees the technology benefiting its business over time. SoftBank is banking on the growth in AI to lift the prospects of its Vision Fund, which has flagged in tandem with souring bets on firms like WeWork, China's ride-hailing giant Didi Global, and Uber, the latter of which the Vision Fund has since shed its holdings.