Consumers' voracious demand for mobile computing devices continues unabated and that proved a fillip for chip designer Arm Holdings after the Cambridge-based company produced another year of surging profits. Royalties in its main chip business increased by 17 per cent to $418m (£264m) at a time when other semiconductor manufacturers are suffering due to the fall-off in personal computer sales. Arm's rise mirrors the early dominance of Apple, but the market is now changing and rivals such as Intel are starting to challenge. However, given the universal application of Arm's technology, there are few signs that the business is feeling any ill effect from increased competition in the supply chain.
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