Arm’s IPO is aimed at capitalizing on the artificial intelligence excitement. This is expected to be one of the biggest tech deployments of the year. Arm stands out among other chipmakers with a market capitalization of more than $54 billion and a price-to-earnings ratio of about 104, based on earnings in the most recent fiscal year.
Major customers including Apple, Google, Nvidia and Samsung have already expressed interest in buying shares. Arm technology is used in 99% of mobile processors worldwide.
The company also aims to expand its presence in data centers and AI applications, predicting that the AI chip design market will be worth approximately $250 billion by 2025.
Source: Ferra
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