Computer graphics pioneer NVIDIA is acquiring UK-based mobile chip specialist Arm in a deal that's valued at $40 billion (approximately £31 billion). It's buying Arm Ltd from SoftBank, which acquired the company four years ago.
UK-based microprocessor designer ARM Holdings has published quarterly results that show revenue up 26% year-on-year.
Revenue reached £171.2 million, while pre-tax profit was up 30% to £86.6 million. The company also said it had generated a record £96 million in cash.
I’m moving on up, you’re moving on out
Mark Bridge writes:
Farewell, ST-Ericsson. It didn’t bode well when CEO Didier Lamouche announced his planned departure a couple of weeks ago – and now both STMicroelectronics and Ericsson have confirmed they’ll be splitting the company between them before closing it down.
Podcast - 20th March 2013
In today's podcast we're talking about Samsung's new Galaxy S4 smartphone, BlackBerry's record-breaking purchase order and Intuit's mobile payment service.
There's also a discussion about the changes at ST-Ericsson, a new CEO coming to ARM, Vodafone's sponsorship plans, management moves at Android and the 2013 Mobile News Awards.
British-based semiconductor technology business ARM Holdings is preparing for a new CEO.
Warren East, who joined the company 19 years ago and has been Chief Executive for almost 12 years, has decided to retire from 1st July 2013. Simon Segars, currently the company’s President, will become the new CEO.