Chip designer Arm is building its own semiconductor to showcase the capabilities of its products, as the SoftBank-owned group seeks to attract new customers and fuel growth following a blockbuster IPO later this year.
Arm will team up with manufacturing partners to develop the new semiconductor, according to people briefed on the move who describe it as the most advanced chipmaking effort the Cambridge-headquartered group has ever embarked upon.
The effort comes just as SoftBank seeks to drive up Arm’s profits and attract investors to a planned listing on New York’s Nasdaq exchange.
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