Arm Holdings To Launch First A.I. Chip In 2025: Reports

2024-05-13 10:11:21

(MENAFN- Baystreet) SunCar Jumps on Latest News

GameStop Shares Rise 20% As 'Roaring Kitty' Returns

Johnson & Johnson To Sell Entire Stake In Spin-Off Kenvue

Tesla To Expand Supercharger Network

Antelope Reports Results, Shares Drop Previous Articles Subscribe to Get Small Cap News & Alerts Baystreet Staff - Monday, May 13, 2024

Arm Holdings To Launch First A.I. Chip In 2025: Reports Arm Holdings (ARM) stock is up 5% on media reports that the company plans to launch its first artificial intelligence (A.I.) microchip in 2025.
The move would mark Arm's first foray into the development of A.I. chips.
According to multiple reports, British-based Arm plans to establish an A.I. chip division and will build a prototype by early next year.
Production of a new A.I. chip is expected to begin in autumn 2025.
Currently, Arm focuses on making microchips, semiconductors and processors that are used in smartphones, although the company does make some components for A.I. chips.
Arm will reportedly turn to Taiwan Semiconductor Manufacturing Corp. (TSM) to mass produce its new A.I. chip.
The market for A.I. chips is expected to accelerate in coming years. Estimated at $30 billion U.S. this year, the market is expected to reach $100 billion U.S. by 2029, according to Precedence Research of Canada.
Nvidia (NVDA) currently dominates the global market for A.I. chips with a 75% share. Arm and other chipmakers are aiming to take market share from Nvidia in the fast-growing field.
The stock of Arm Holdings has gained 79% since the company's market debut last September and now trades at $108.84 U.S. per share.
Japanese holding company Softbank owns a majority of Arm's stock.

About Us
Contact Us
Advertise
License Our Content
Jobs
Disclaimer
Privacy Policy

Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks

MENAFN13052024000212011056ID1108206470

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.