Arm, the British chip designer, begins trading on Wall Street, marking the year's largest US public listing. Backed by SoftBank, Arm's IPO attracts tech giants, signaling expansion into AI and cloud computing.
Arm's IPO garners strong investor demand, achieving a valuation of $54.5 billion. The chip designer aims to expand beyond mobile and capitalize on growth opportunities in cloud computing and automotive sectors.
Softbank's Arm chip firm adjusts valuation and fundraising target for public listing, now aiming for $5-7 billion fundraising and $50-60 billion valuation.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?