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To: Johnny Canuck who wrote (59200)	5/13/2024 12:22:44 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69155

Advertisement Arm plans to launch AI chips in 2025, Nikkei reports Reuters UpdatedSun, May 12, 2024, 12:47 PM PDT1 min read 1 In this article: 9984.T+1.80% SFTBY+1.10% (Reuters) -SoftBank Group's Arm Holdings plans to develop artificial-intelligence (AI) chips, seeking to launch the first products in 2025, Nikkei Asia reported on Sunday. UK-based Arm will set up an AI chip division and aim to build a prototype by spring 2025, the report said. Mass production will be handled by contract manufacturers and is expected to start in the autumn of 2025, Nikkei Asia said. Arm will pay for initial development costs, which may total hundreds of billions of yen, with SoftBank also contributing, the report said. ADVERTISEMENT Advertisement Once a mass-production system is established, the AI chip business could be spun off and placed under SoftBank, the newspaper said, adding that SoftBank is already negotiating with Taiwan Semiconductor Manufacturing Corp (TSMC) and others over manufacturing, looking to secure production capacity. Arm, SoftBank and TSMC declined to comment on the Nikkei report. The British chip designer, which licenses its chip designs and earns funds through royalties, has been expanding into the data-centre market, where operators are looking to build their own chips to power new AI models and reduce their reliance on dominant supplier Nvidia. Bets that Arm will benefit from a surge in AI computing have doubled the chipmaker's share price since its initial public offering last September, giving it a market value of more than $100 billion. ADVERTISEMENT Advertisement SoftBank is expected to slip back into the red when it reports earnings on Monday. Investors are eagerly awaiting clues about new growth investments as the company has ample liquidity and can monetise its huge holding in Arm, whose share price roughly doubled in February on excitement over AI. (Reporting by Gursimran Kaur in Bengaluru and Anton Bridge in Tokyo;Editing by Matthew Lewis and Tomasz Janowski) View comments (1) &soc_src=social-sh&soc_trk=fb&tsrc=fb] &url=[state.currentArticleUrl]&soc_src=social-sh&soc_trk=tw&tsrc=twtr] &body=[state.currentArticleUrl]&soc_src=social-sh&soc_trk=ma] Advertisement RECOMMENDED STORIES Motley Fool 2 Artificial Intelligence (AI) Stocks to Buy Now That Could Make You a Fortune Motley Fool 2 Artificial Intelligence (AI) Stocks to Buy Now, and 1 to Avoid Like the Plague Reuters Oil extends decline on signs of weak fuel demand, strong dollar Yahoo Finance Here's 1 big investing mistake you are probably still making Motley Fool A Once-in-a-Decade Opportunity: 3 Magnificent Dividend Stocks Down Between 19% and 28% to Buy Now and Hold Forever Yahoo Finance Utility stocks are on fire — here are Wall Street analysts' top picks Motley Fool Warren Buffett Sold Apple and Paramount. Here's What He's Buying Instead. Motley Fool Are Stocks Going to Crash? This Forecasting Tool Hasn't Been Wrong in 65 Years, and It Has a Sobering Message for Wall Street Motley Fool Should You Buy Nvidia Stock Before May 22? Motley Fool Forget Energy Transfer; Buy This Magnificent High-Yield Stock Instead Motley Fool Prediction: This Artificial Intelligence (AI) Cloud Stock Will Join Microsoft, Alphabet, and Amazon in the $1 Trillion Club Motley Fool Meet the Supercharged Growth Stock That's a Shoo-in to Join Microsoft in the $3 Trillion Club Motley Fool This 7.2%-Yielding Dividend Stock Is a Well-Oiled Income Machine Motley Fool Realty Income Sees Revenue Surge and Increases Its Dividend. Is It Time to Buy This 5.6% Yielding Stock? Barrons.com Tesla Just Offered a New Deal on Its Model Y Motley Fool 3 Top AI Stocks Ready for a Bull Run TheStreet Analysts retune SoundHound AI stock price target after earnings Motley Fool 1 Stock I Wouldn't Touch With a 10-Foot Pole Motley Fool 2 Stocks That Could Create Lasting Generational Wealth Motley Fool Bitcoin Just Got a Big New Buyer. Should You Follow Its Lead?