5% of the cloud now runs on Arm as chip designer plans 2023 IPO
in December 2021 and includes 64 ARM-compatible CPU cores and employs the company's 256-bit Scalable Vector Extensions.$746 million in the third quarter of fiscal 2022, a rise of 28 percent year-on-year. Meanwhile, SoftBank reported a net loss of $5.9 billion, thanks to the myriad startups it supports and their falling valuations.
Other segments where Arm is gaining market share are mobile, in which the company said share grew from 90 percent in 2016 to 95 percent in 2021; IoT, which grew 30 percent to 63 percent; and automotive from 10 percent to 24 percent.Reuters on Tuesday that the company was committed to a stock market float this year."We're doing everything we can and are committed to have it happen this year," said the exec.
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