Semiconductor designer Arm has reported record revenues – up by 35% to $2.7bn (£2.2bn) – in the wake of parent company SoftBank reporting a record $27bn loss through its tech funds.
Japanese conglomerate SoftBank is looking to float Arm on the public markets after its sale to US tech giant Nvidia collapsed due to pressure from competition regulators.
Arm, which designs and licences processor intellectual property used in many of the world’s smartphones and computers, shipped a record 29.2 billion chips in 2021.
That boosted its non-royalty licencing revenues up by 61% to $1.13bn (£927m). Its royalty revenues increased by 20% to a record $1.54bn (£1.26bn), while adjusted earnings were up 68% year on year to $1bn.
“Our record results demonstrate that the demand for Arm technology and the strength of the Arm ecosystem has never been greater – our compute platform will power the next set of technology revolutions across cloud computing, automotive and autonomous systems, the IoT, the metaverse and beyond,” said Rene Haas, CEO, Arm....