SoftBank-owned chip designer Arm posts record 2021 revenue, doubling earnings from automotive sector
Arm revenue jumped 35 per cent in 2021 to US$2.7 billion and shipped 29.2 billion chips
CEO Rene Haas said the strong performance could not have happened without its Chinese joint venture, which recently ousted its CEO after a public dispute
A person holding mobile phone with the logo of British semiconductor company Arm Ltd on the screen on June 6, 2021. Photo: Shutterstock
SoftBank Group Corp’s chip technology firm Arm Ltd on Thursday reported record revenue for 2021, and chief executive Rene Haas told Reuters its business for new chip designs indicates a strong outlook.
SoftBank plans to take the British tech company public. Regulatory hurdles stopped a deal to sell it to US chip maker Nvidia Corp.