- Softbank Group Corp (OTC: SFTBY) owned British chip technology company arm ltd launched its next generation of chip technology for data centers called Neoverse V2, Reuters reported.
- Neoverse V2 was said to increase energy efficiency.
- Poor said this chip giant Nvidia Corp NVDA built its latest data center processor, Grace, using the Neoverse V2 design.
- The technology will help Arm tap into the booming data growth of 5G and internet-connected devices.
- Arm made a big move into data center processors, having previously powered most cell phones.
- Poor recognized companies like amp, Amazon.com Inc AMZN, Fujitsu Ltd FJTSFand Alibaba Group Holding Limited BABA are already developing processor chips based on ARM technology for their data centers.
- SoftBank looks to take Arm Public, with an IPO expected in fiscal year ending March 2023.
- peer Intel Corp INTC Has expectations reduced for its Mobileye IPO amid a broader equity recession and could delay stock sales from mid-2022 to 2023 pending recovery.
- Intel expects the IPO to value the self-driving technology business at up to $30 billion, compared to an original valuation of over $50 billion.
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