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Results for "ARM Holdings"

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Arm Unveils First In-House AI Chip, Stock Rises
BusinessReutersNYTcnbc+2Yahoochannel-news-asia1d ago5 sources

Arm Unveils First In-House AI Chip, Stock Rises

Arm has unveiled its first in-house AI chip, signaling a shift in strategy to sell its own computer chips for AI data centers, with its shares rising 13% in premarket trading following the announcement.

Malaysia’s Arm chip deal probe turns political as ex-aide says: ‘I am not Jho Low 2.0’
BusinessSCMP21d ago

Malaysia’s Arm chip deal probe turns political as ex-aide says: ‘I am not Jho Low 2.0’

Malaysia’s anti-corruption investigation into a flagship chip-design deal with Britain’s Arm Holdings took a more combustible turn on Thursday after a former government aide declared: “I am not Jho Low 2.0.” The remark – invoking the fugitive financier at the centre of Malaysia’s 1MDB scandal – came as the country’s anti-corruption agency pushed back against his claims and allies of Prime Minister Anwar Ibrahim warned the investigation risked appearing heavy handed. The dispute has dragged on...

Arm's New AI Chip Drives Billions in Revenue, Stock Jumps Further
TechnologyReutersbloombergFT+11cnbctvn24el-mundopublicoBusiness InsiderYahoostraits-timesKorea Herald+3 more1d ago14 sources

Arm's New AI Chip Drives Billions in Revenue, Stock Jumps Further

SoftBank-owned tech group Arm's stock has jumped following the launch of its first in-house AI data center chip, the AGI CPU, which is expected to generate billions in annual revenue and has secured Meta as an initial customer, with shares soaring 15% on the news.