Shares 

Arm in the chips

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.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now