Arm’s quarterly profits rise
ARM Holdings posted a nine per cent rise in second-quarter profit as licensing of its processor technology compensated for a slowdown in high-end smartphone sales.
The Cambridge-based company, which sells blueprints for chip designs and receives royalties on every chip shipped by partners such as industry leader Taiwan Semiconductor Manufacturing Co, reported pre-tax profit of £94.2m on revenue also up nine percent to £187.1m, both beating analysts’ expectations.
Arm Holdings employs around 60 people at its research and development facility in Sheffield.