British chip designer Arm Ltd. is building a semiconductor

 

British chip designer Arm Ltd. is building a semiconductor to show off its product capabilities ahead of its planned IPO later this year.  The in-house prototype is said to be more advanced than any previously produced chip. Arm Ltd., a subsidiary of Japan's SoftBank Grou Corp., designs the CPU cores found in more than 90% of the world's smartphones. While it licenses its chip architecture to other companies, Arm doesn't plan to license or sell the new chip's design to other firms. Instead, the company's new "solutions engineering" team is building the prototype chip to showcase its capabilities and attract new customers ahead of its planned listing in the U.S. Arm anticipates teaming up with its manufacturing partners to ramp up production of the semiconductors. The chip design company is seeking to meet a demand for quality manufacturing chips amid geopolitical tensions and a global shortage.