Global News

[ad_1] Arm Holdings has priced its IPO at the top end of its range, raising $4.87 billion in the largest listing of the year. The chip designer, owned by SoftBank, sold 95.5 million American depositary shares for $51 each. After the IPO, SoftBank will still control about 90% of the company's shares. Arm's IPO could be a catalyst for other tech startups and companies planning to go public in the US. The shares are expected to begin trading on the Nasdaq Global Select Market. [ad_2] Source link https://worldnews2023.com/business/softbank-backed-arm-prices-ipo-at-51-a-share-times-of-india/?feed_id=316956&_unique_id=66e3ac5303468

[ad_1] This move by Microsoft signifies a broader trend in the tech industry towards developing proprietary AI hardware to meet growing demand and reduce dependency on external chip providers. [ad_2] Source link https://worldnews2023.com/business/microsoft-plans-to-unveil-its-first-ai-chip-next-month-in-annual-developers-conference-ignite/?feed_id=308501&_unique_id=6682717600900