Intel, already adrift, now Armless too

Source: The Register

Intel has sold its stock in chip design firm Arm – probably netting around $147 million and a tidy profit, given the price of Arm has risen 96 percent in the ten months since it returned to public trading.

Chipzilla is not saying why it offloaded its shares. The only public notice of the sale is an updated version of its equity holdings disclosure in which 1,176,470 shares in ARM Holdings Plc – evident in the November 2023 version of the same document – have been omitted.

The shares were acquired amid suggestions that Apple, Samsung, and Chipzilla would each buy a chunk of Arm to demonstrate their commitment to the chip design biz. Apple and Samsung use Arm's tech in their homebrew silicon, and Intel's Foundry Services business will happily bake Arm cores for its clients.

Taking a stake in Arm – which also meant acquiring some voting rights – showed that the three giants have skin in the game and an active interest in the Brit chip designer's success.

Read the full article here.