(Bloomberg) — Semiconductor design firm Arm has found a business card for its long-awaited initial public offering (AI) this year.
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Arm technology is enabling many AI applications that are already taken for granted and will be the foundation on which to build the next wave of AI innovation, said chief executive during a keynote address at the Computex trade show in Taiwan on Monday. Chief Rene Haas said.
AI has taken the global tech industry by storm this year, sending stock prices skyrocketing and pushing NVIDIA to the brink of becoming the first trillion-dollar chip maker. Arm is looking to present itself as a new avenue for investors to tap into this mine of tech optimism, seeking a high valuation to please its parent SoftBank Group.
“Most of their current business is based on designing and licensing semiconductor IP, especially IP for mobile devices, but given the pursuit of ‘AI stocks,’ SBG has decided to buy Arm,” said Atul, an analyst at Jefferies. I’m thinking that I’d like to introduce it as ‘playing with AI’.” Goyal.
Haas cites examples ranging from Amazon.com’s Alexa voice assistant and Alphabet’s Google Pixel mobile phones to smart traffic light management and robotic beehive maintenance, with on-device and small-scale AI processors. would all run Arm. technology.
He also cited Nvidia’s Grace Hopper next-generation architecture for accelerating AI as another example of Arm technology in the AI supply chain. Nvidia had just discussed the product the day before, so Haas is the only product that will be discussed going forward, he said. Otherwise, Haas has been tight-lipped about future Arm deployments due to the company’s quiet period ahead of its IPO.
Arm still intends to go public by the end of the year, a spokesperson confirmed Monday.
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