ARM Gets OK to Spend Big on New Markets Under SoftBank Ownership
- SoftBank CEO Masayoshi Son explains view of ARM’s strengths
- Chip designer sees opportunity in market for connected devices
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SoftBank Group Corp. Chief Executive Officer Masayoshi Son urged the company’s recently acquired chip-designer unit ARM Holdings Plc to make long-term bets on new markets it couldn’t risk exploring when it was a stand-alone company.
U.K.-based ARM, whose technology underpins almost all of the more than 1 billion smartphones shipped every year, has support to push ahead with efforts such as attempting to dent Intel Corp.’s domination of the lucrative server chip business and to bring more computing to products like automobiles, Son said Tuesday at a briefing ahead of ARM’s annual technology conference in Santa Clara, California.