Apple has signed a new deal with Arm for chip technology that"extends beyond 2040," according to Arm's initial public offering documents filed on Tuesday.
Arm owns the intellectual property behind the computing architecture for most of the world's smartphones, which it licenses to Apple and many others. Apple uses Arm's technology in the processes of designing its own custom chips for its iPhones, iPads and Macs. Apple was among a number of large technology companies that that on Tuesday invested $735 million in Arm's initial public offering. Reuters last week was the first to confirm that Apple was among the strategic investors who agreed to buy shares.
Source: Tech Daily Report (techdailyreport.net)
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