The microchip maker revealed that sales lifted 17 per cent to £267.6 million, while pre-tax profits advanced 5 per cent to £130m. It comes after SoftBank announced last week that it was buying Cambridge-based ARM, which supplies technology for Apple’s iPhone, in a £24 billion deal. SoftBank has pledged a recruitment drive to double ARM’s 3,000-strong workforce, and to retain the existing management team of the British company. Simon Segars, ARM’s chief executive, said today: “Our royalty revenue growth continues to outperform the wider semiconductor industry, driven by market share gains and the increasing adoption of (our) latest technologies. “With more end-users selecting ARM technology for products ranging from sensors to satellites to supercomputers, we expect this outperformance will continue.” The company also announced another Asian tie-up today, with Chinese private equity firm HOPU Investment Management. The venture will launch an industry fund focused on the so-called ‘Internet of Things’, smart devices, big data and cloud computing.
