Chip designer Arm CEO: the company is committed to going public this year

CTOnews.com, February 8 (Xinhua)-- Rene Haas, CEO of SoftBank's British chip design company Arm, said on Tuesday local time that the company is committed to going public this year.

"the plan is actually quite perfect and is under way," Rene Haas said in an interview after Arm's parent company reported its fourth consecutive quarterly loss. "We are doing everything we can to achieve this goal this year."

Arm's third-quarter sales rose 28% to $746 million (currently about 5.065 billion yuan), making it one of Softbank Corp. 's few growth areas, according to the data. CTOnews.com learned that Softbank Corp. 's performance was weighed down by his heavy investment in technology startups.

Arm is the world's largest supplier of smartphone chip designs, selling licenses to companies such as Apple and Qualcomm. Arm benefits by reaching pre-licensing agreements with these companies and then charging royalties for each chip sold using its technology.

In addition, part of Haas's strategy is to accelerate Arm's expansion into other markets, such as data center servers, where companies such as Amazon Cloud use Arm-based chips.