According to reports, Arm (ARM.US) plans to raise prices and is considering developing its own chips.

According to a report from Reuters, chip designer Arm (ARM.US) plans to set a long-term strategy to increase prices by as much as 300% and has discussed designing its own chips to compete with its largest customers. According to documents, Arm's plan was initially referred to as the "Picasso" project, which can be traced back to at least 2019, aiming to increase annual revenue from smart phones by about 1 billion dollars within approximately ten years. Arm aims to achieve this goal by raising the patent fees per chip paid by customers using its latest computational architecture, Armv9, for chip design off-the-shelf components.

AASTOCKS39minutes ago

Arm Holdings Is Maintained at Overweight by Wells Fargo

Dow JonesJan 13 23:53 · Ratings

ARM Holdings Analyst Ratings

BenzingaJan 13 23:42 · Ratings

Arm Holdings (NASDAQ:ARM) to Hike Prices 300% and Battle Biggest Customers, Says Report

TipRanksJan 13 22:06

Shares of Semiconductor Companies Are Trading Lower. The Biden Administration Announced That It Released an Interim Final Rule on Artificial Intelligence Diffusion That Limits Chip Orders.

BenzingaJan 13 21:27

Express News | US-Listed Shares of Arm Holdings Pare Losses After Report Co Plans to Hike Prices, Has Considered Developing Its Own Chips, Last Down 2.7% Premarket

BreakingsJan 13 21:08