Arm this morning submitted an update to its SEC IPO filing proposing a $47 to $51 share pricing. The high end would put the British chip maker’s valuation north of $52 billion. The firm has seen a banner few years, as the world’s largest hardware makers have adopted its architecture. Arm currently counts Apple, Google and Samsung among its clients, along with leading component manufactures Nvidia and AMD.
Arm has also been well-positioned to ride the currently AI buzz with its technology appearing in nearly every smartphone on the market. Designing the architecture for the silicon that will drive the next …
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