Arm files for Nasdaq listing, as SoftBank aims to sell shares in chipmaker it bought for $32 billion

Arm is aiming to sell shares to the public during a historically slow period for U.S. tech IPOs.

But the company is also facing headwinds from a slowdown in demand for products like smartphones, which has hit chip firms across the board. Arm's net sales fell 4.6% year-on-year in the second quarter, while the unit swung to a loss, according to SoftBank's earnings release. SoftBanks' beleaguered Vision Fund, meanwhile, has racked up billions of dollars in losses of late due to tech bets that soured in a high interest rate environment.

ARM is poised to hit the market at a time when investors are flocking to next-generation semiconductors because of the demand spurred by artificial intelligence, most notably the soaring popularity of generative AI applications. Nvidia, the chipmaker most at the heart of the generative AI boom, has seen its

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

NBCPhiladelphia /  🏆 569. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

My Secret to Smooth Under-Eyes Is This $32 Serum From a Drew Barrymore-Used BrandAn InStyle editor swears by the Laneige Glowy Makeup Serum for crease-free concealer and glowy skin. The hydrating serum is available for $32 at Amazon.
Read more »

Arm IPO to put SoftBank's AI hard sell to the test By ReutersArm IPO to put SoftBank's AI hard sell to the test
Read more »

What ARM's expected debut means for the IPO market and SoftBankArm, which is owned by SoftBank, is expected to file for its initial public offering as soon as Monday, according to reports.
Read more »

I Can't Stop Wearing This Flattering $32 Midi Dress That Hugs My Body Like a Glove, So I’m Buying MultipleZesica’s Midi Sweater Dress is comfortable, easy to style, and can be worn in summer or fall. Shop it for $32 on Amazon.
Read more »

Markets Week Ahead: Gold, US Dollar, Nasdaq 100, Treasury Yields, Jackson Hole, ChinaSurging Treasury yields pushed down gold prices as the US Dollar outperformed and equity markets wobbled. Ahead, all eyes are on the Fed’s Jackson Hole Symposium as markets continue watching economic developments out of China.
Read more »

Nasdaq, S&P 500 Test June Lows; Russell 2000 Near Critical Support: What's Next?Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Declan Fallon's latest article on Investing.com
Read more »