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
- LPDDR6/5X/5 PHY V2 - Intel 18A-P
- ML-KEM Key Encapsulation & ML-DSA Digital Signature Engine
- MIPI SoundWire I3S Peripheral IP
- ML-DSA Digital Signature Engine
- P1619 / 802.1ae (MACSec) GCM/XTS/CBC-AES Core
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
- Aion Silicon Expands Barcelona Design Center to Meet Surging Demand for ASIC and SoC Solutions
- UMC Reports Sales for October 2025
- Arm Q2 FYE26 revenue surpasses $1 billion for third consecutive quarter
- Perceptia Updates Design Kit for pPLL03 on GlobalFoundries 22FDX Platform
- Ceva Partners with Microchip Technology to Enable AI Acceleration Across Edge Devices and Data Center Infrastructure