Arm Ltd., seeking to sell shares to the public this year, can deliver sustained growth because its products are gaining ground in new markets, Chief Executive Officer Rene Haas said.
The Cambridge, UK-based company, whose chip designs are the heart of most modern smartphones, reported revenue of $746 million in its most recent quarter, a 28% increase from the same period a year earlier. The division of Japan’s SoftBank Group Corp. has “well developed,” plans for an initial public offering by the end of the year, Haas said.
