Apple signs new agreement with Arm that goes past 2040
Apple has entered into a long-term agreement with chip design company Arm that extends beyond 2040, indicating their continued reliance on Arm's technology platform for their popular products.
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Posted 9/6/2023, 1:24:00 AM
theverge.com
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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.
Apple, founded in 1976, has gone through significant milestones such as the introduction of the Apple II, Macintosh, iPod, iPhone, and more, eventually becoming carbon neutral in 2021 and continuing to innovate with the release of the iPhone 14 in 2022.
Arm, the chip designer owned by SoftBank Group Corp, is set to secure at least the top end of the price range in its IPO, valuing the company at $54.5 billion, after receiving strong investor backing, with the shares scheduled to start trading in New York on Thursday.
Apple chip supplier Imagination Technologies is reportedly registering to go public, potentially becoming a "Mini Arm."