Arm is up on news it’s making a new chip for Meta
Chip designer Arm Holdings is going to be a chipmaker, and Meta is going to be its first customer, the Financial Times reports. It’s a big move for the SoftBank-owned group, which typically licenses its blueprints to other companies.
As the FT put it:
“The move from designing the basic building blocks of a chip to making its own complete processor could also upend the balance of power in the $700bn semiconductor industry, putting Arm into competition with some of its biggest customers.”
Those competitors include companies like Nvidia, Intel, and AMD.
Arm’s stock is trading up nearly 5% following the news, and Softbank is getting a 2% bump as well.
As the FT put it:
“The move from designing the basic building blocks of a chip to making its own complete processor could also upend the balance of power in the $700bn semiconductor industry, putting Arm into competition with some of its biggest customers.”
Those competitors include companies like Nvidia, Intel, and AMD.
Arm’s stock is trading up nearly 5% following the news, and Softbank is getting a 2% bump as well.
