ARM Shares Surge as New Chips Power Next-Generation Smartphones

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ARM is being buoyed by a surge in smartphones that take advantage of its more powerful architecture for 64-bit semiconductors found in newer devices.

Photographer: Gabriel Bouys/AFP via Getty Images

Shares of ARM Holdings Plc, the chip designer whose technology is in almost all of the world’s smartphones, rose the most in two years as consumers snapped up the more powerful devices that use its products.

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