Apple and Arm have signed a new long-term deal for chip technology that extends beyond 2040. The deal is a major win for Arm, which is preparing to go public in the coming weeks.
Arm’s chip designs are used in billions of devices around the world, including smartphones, tablets, and laptops. Apple is one of Arm’s largest customers, using its chips in its iPhones, iPads, and Apple Watches.
The new deal ensures that Apple will continue to have access to Arm’s chip designs for the foreseeable future. This is important for Apple, as it allows the company to continue to innovate and develop new products.
The deal is also a major boost for Arm’s valuation. Arm is expected to be valued at up to $52 billion in its IPO. The new deal with Apple will likely help to justify that valuation.
In addition to the long-term deal, Apple and Arm have also announced a number of new initiatives. These include:
- A joint research and development program to develop new chip technologies
- A new program to help Arm customers adopt Arm’s chip designs
- A new program to train Arm engineers
The Apple and Arm deal is a significant development for both companies and the future of chip technology. The deal ensures that Arm’s technology will continue to be a major player in the industry and could lead to further innovation in chip technology. The deal is a sign that chip technology will continue to be a critical component of the tech industry for years to come.