TECH - Arm Holdings Gears Up for AI Foray with New Chip Division Launching Next Year | Benzinga
SoftBank Group subsidiary Arm Holdings Plc (NASDAQ:ARM) is developing artificial intelligence chips. The company plans to release its first products next year as part of CEO Masayoshi Son's $64 billion strategy to transform SoftBank into a significant AI powerhouse.
Based in the U.K., Arm will establish a new AI chip division and aim to develop a prototype by spring 2025. Mass production through contract manufacturers will likely commence in the fall of 2025, Nikkei Asia reports.
Arm, known for supplying architecture to chipmakers like Nvidia Corp (NASDAQ:NVDA) and dominating the smartphone processor design market, will take on the initial development costs, projected to be hundreds of billions ...