Arm Holdings shares gain nearly 25% in biggest initial public offering since late 2021
Arm's business centers on designing chips and licensing the intellectual property to customers, rather than chip manufacturing, for which it relies on partners. The company recorded $2.68 billion of revenue in its last fiscal year, which ended in March, and had $524 million in profit for that period.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
