Arm secures Meta as first customer for ambitious new chip project, FT reports
- Arm's shares increased by 5% after reports of securing Meta as its first customer for a new chip.
- The first Arm chip will be a central processing unit for large data center servers, set to be unveiled this summer, according to the Financial Times.
- Producing its own chip signifies a significant shift from Arm's traditional business model of licensing designs to companies.
- Masayoshi Son of SoftBank aims for Arm to produce chips, potentially competing with Intel and Advanced Micro Devices in the AI infrastructure market.
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Arm secures Meta as first customer for ambitious new chip project, FT reports
Arm Holdings plans to launch its own chip this year after securing Meta Platforms as one of its first customers, in a major shift to the chip tech provider's model of licensing its blueprints to other companies, the Financial Times reported on Thursday, sending its U.S.-listed shares up about 5%.
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Leaning Left3Leaning Right3Center8Last UpdatedBias Distribution57% Center
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