Apple and Arm have a new agreement for chip technology that “extends beyond 2040”, according to the Tuesday-filed Arm initial public offering documents
On Tuesday, Arm unveiled the pricing for what it anticipates will be a $52 billion initial public offering, which would be the biggest such transaction in U.S. history.
Arm owner SoftBank Group (9984.T) plans to offer 95.5 million American depository shares of the United Kingdom-based company for $47 to $51 apiece, Arm said in a filing.
The computing architecture for the majority of smartphones in use today was developed using intellectual property that Arm owns and licenses to companies like Apple and numerous others.
Apple uses technology from Arm In order to create its own unique chips for its iPhones, iPads, and Macs.
The two firms have a long history together; Apple was one of the first companies that joined to form the company in 1990 before the launching of their “Newton” portable computer in 1993, which utilized an Arm-based processor chip. The Newton was a failure, but Arm went on to rule mobile phone processors because of its low power consumption, which prolongs battery life.
Several significant technological firms, including Apple, contributed $735 million to Arm’s initial public offering on Tuesday.
The deal revealed on Tuesday was not included in Arm’s prior IPO filing documents, which were made available to the public on August 21, indicating that the agreement was signed between then and September 5.
Source-Reuters
