Arm semiconductor designer has reported record revenue – up 35% to $ 2.7 billion (£ 2.2 billion) – after parent parent SoftBank reported a record loss of $ 27 billion through its technology funds.
Japanese conglomerate SoftBank Arm seeks to place on the public markets after its sale to the US technology giant Nvidia has fallen due to the pressure of competition regulators.
Company Arm, which develops and licenses intellectual property processors that are used in many of the world’s smartphones and computers set a record of 29.2 billion chips in 2021.
This increased non-royal licensing revenue to 61% to $ 1.13bn (£ 927m). Its royalty earnings increased 20% to a record $ 1.54bn (£ 1.26bn), while adjusted earnings rose 68% year-over-year to $ 1 billion.
“Our record-breaking results show that the demand for Arm technology and the power of the Arm ecosystem has never been greater – our computing platform will provide the next set of technological revolutions in cloud computing, automotive and autonomous systems, IoT, metaworld and beyond,” said Rene Haas. , CEO of Arm.
Conversely, SoftBank this week posted a record loss of $ 27 billion (£ 22.17 billion). for his Vision Foundation. The world’s largest technology investor 14 years ago has not posted quarterly losses before in 2019 losses amounted to 8.9 billion dollars Due to bad bets on companies like WeWork and Uber.
Softbank acquired Arm The company is headquartered in Cambridge, back in 2016 $ 32 billion (23.4 billion pounds) – a move that critics complained as the sale of “gem” of British technology.
CEO of Softbank has said Arm will have a “golden era and an exciting IPO soon”.
Uncertainty regarding the listing SoftBank Arm
However, IPO time may be delayed due to market uncertainty created by large technology stock sales.
The placement of Arm IPO has sparked debate in the high-tech industry. Many UK technology stakeholders believe that the hand should be listed in London with Prime Minister Boris Johnson joining lobbying efforts last week to persuade SoftBank to choose capital over New York.
However, the co-founder of the company covered by Arm recently named London “too small” for IPO Arm and proposed dual listing, in which New York was a “natural choice”.
This comes after the American designer GPU Nvidia earlier this year declined from $ 40bn (£ 29.6bn) absorption Arm.
The US choice for an IPO would be a major setback for the UK government as it seeks to attract more technology companies to the capital. Brexit IPO reforms.
In the UK technology IPO raised a a record £ 6.6 billion last year doubled the number in 2020, among which there are notable lists including Deliveroo and Moonpig.
UKTN contact Arm for comment but pointed to Softbank for comments.
Softbank was approached for comment.