According to a report from the Financial Times, UK-based chipmaker Arm Ltd is planning to develop its own semiconductor as a way to display the potential of its products to potential customers, as well as driving growth after its upcoming Initial Public Offering (IPO) later this year. The new semiconductor is being developed in collaboration with manufacturing partners, and the company has formed a new team specifically for the development of prototype chips for mobile devices, laptops, and other electronic devices, called the “solutions engineering” team.
Industry insiders have stated that Arm’s latest chip, which has been in the works for the past six months, is “more advanced” than previous models. However, the chip designer is not planning to sell or license the product, as it is solely focused on producing a prototype.
Arm is a major supplier of intellectual property to many chip companies, particularly in the mobile phone sector, and has partnerships with major chip contract manufacturers. Earlier this month, Intel Corp announced that it will collaborate with Arm to ensure that mobile phone chips and other products utilizing Arm’s technology can be manufactured in Intel’s factories.