Chipmaker Arm to make own semiconductor, FT reports

Arm is developing its own chip to showcase the capabilities of its designs, as the SoftBank-owned group seeks to attract new customers and fuel growth, Financial Times’ Cheng Ting-Fang and Tim Bradshaw report. The company will team up with manufacturing partners to develop the new chip, according to people familiar with the matter. 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, the authors note. Reference Link