Deals
ARM Bulks Up Staff and Compensation After SoftBank Acquisition
- U.K. company posted a loss of $62 million over recent quarter
- A new focus on AI, computer vision, and augmented reality
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Arm Holdings Plc posted a quarterly loss due to an increase in headcount and compensation, and a one-time acquisition charge, as it continues its transformation under the ownership of SoftBank Group Corp.
The U.K. company, whose technology is the most widely used in the chip industry, posted a loss of 6.9 billion yen ($62 million) for the three months to June 30, according to SoftBank’s results Monday.