Arm CEO: Arm Likely to Achieve Sustained Growth and to Go Public This Year

Arm Ltd., SoftBank's British chip designer is poised for continued growth as its products are gaining ground in new markets. Arm plans to go public this year. The company's chip designs are the core of most modern smartphones. The company's revenue in the most recent quarter was $746 million, up 28% from a year earlier. Rene Haas, CEO of Arm Ltd. pointed out that Arm has developed well and plans to have an initial public offering (IPO) before the end of the year.