Arm shares jump 50% on AI, China boosts to results
By Peter Clarke, eeNews Europe (February 9, 2024)
Arm’s share price jumped by 48 percent as the processor IP licensor announced a solid quarter boosted by demand for artificial intelligence processors and a jump in sales to China.
Arm Holdings plc, recently returned to the stock market, announced revenues for the quarter ended December 31, 2023, of US$824 million up 14 percent year-on-year. Sequentially Arm lifted its revenue by 2.2 percent from US$806 million. The non-GAAP net profit was US$338 million up 17 percent y-on-y.
To read the full article, click here
Related Semiconductor IP
- Flash Memory LDPC Decoder IP Core
- SLM Signal Integrity Monitor
- All Digital Fractional-N RF Frequency Synthesizer PLL in GlobalFoundries 22FDX
- USB 4.0 V2 PHY - 4TX/2RX, TSMC N3P , North/South Poly Orientation
- TSMC CLN5FF GUCIe LP Die-to-Die PHY
Related News
- Arm revenues up 47%; shares fall
- Intel sells Arm shares
- Arm forecast sends shares down
- Synopsys Extends Tender Offer for Outstanding Shares of inSilicon Common Stock
Latest News
- SEMIFIVE Files for Pre-IPO Review on KRX
- Innosilicon Scales LPDDR5X/5/4X/4 and DDR5/4 Combo IPs to 28nm and 22nm, Cementing Its Position as the ‘One Stop’ for Memory Interface Solutions
- Synopsys Completes Acquisition of Ansys
- Zephyr 4.0 Now Available for SCR RISC-V IP
- Lattice Semiconductor and Missing Link Electronics Become Partners to Accelerate FPGA Design Projects