Apple inks new long-term deal with Arm for chip technology, according to filing

Arm Holdings is aiming to become the next big chip stock and is preparing for its public listing, while focusing on establishing itself as a leader in the artificial intelligence sector.

Arm, the chip designer owned by Softbank, has filed for an IPO on the Nasdaq, with the valuation yet to be specified, while tech stocks remain resilient despite surging bond yields, and Microsoft restructures its mega-merger with Activision Blizzard to secure approval from UK regulators.

Arm, the British chip designer, has published a prospectus for its IPO on the Nasdaq exchange next month, with an expected valuation of $60bn to $70bn, attracting interest from tech giants such as Amazon, Apple, and Nvidia.

Leading technology companies, including Apple, Nvidia, and Alphabet, have agreed to invest in Arm Holdings' initial public offering, which is targeting a valuation between $50 billion and $55 billion, according to sources.

SoftBank Group has secured strategic investors for Arm Ltd.’s IPO, including Apple, Nvidia, Intel, and Samsung. The chip company's offering is expected to raise $5 billion to $7 billion and value Arm at $50 billion to $54 billion.

Arm Ltd.'s public listing is facing lowered expectations, with the chip designer aiming to raise $5 billion to $7 billion and a valuation of $50 billion to $60 billion, down from previous targets, due to factors such as China risks and slowing smartphone market growth.

The upcoming IPO for Arm, the chip designer, in the US is facing skepticism from investors, leading to reduced expectations for the company's valuation, which is now estimated to be in the range of $50 billion to $55 billion due to concerns over growth rates, profit margins, and political risks associated with its Chinese operations.

Arm Holdings has priced its initial public offering at $51 per share, at the top end of the expected range, giving the chip design company a valuation of $54.5 billion.

Apple chip supplier Imagination Technologies is reportedly registering to go public, potentially becoming a "Mini Arm."