Arm, owned by Softbank Corporation, plans on making public offering on the Nasdaq on Monday. The documents are likely to reflect a slight increase in revenue for the financial year.
Source: Armour.
Arm is a British firm that specialises in the development of microprocessors that morph into mobile devices. The company’s revenues from the 2014 fiscal year went up to $2.68 billion in the second quarter, and it fell to $675 million in the second quarter.
In May, SoftBank reported that Arms annual revenue increased by 5,7 percent under International Financial Reporting Standards (IFRS). Next week, Arm will present its financial results, but this time according to the American accounting standards.
On Friday, Reuters reported that SoftBank sold a total of 25% of Arm’s investment, the Vision Fund. After completing the transaction, Arm was valued at 64 milliard dollars.
Recently, global chips makers announced beginning of the end of the production period. However, demand forecasts for chips that aren’t on the AI industry remain predetermined. New markets for small-scale electronics include smartphones, computer systems and data centers, which have slipped this year because of weak financial and consumer spending cuts.
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