All eyes on where SoftBank-backed Arm will be listed
While SoftBank Group reported a massive net loss in the three quarters through December, one company in the group stood out with strong earnings — semiconductor firm Arm.
Despite a dip in profitability for other prominent chipmakers amid a global slowdown, Arm showed strong growth over the past four quarters, reporting $746 million (¥105.2 billion) in revenue for the October-December period.
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SoftBank’s Vision Fund, meanwhile, lost ¥660 billion ($5.5 billion), continuing its red streak for a fourth straight quarter. Arm’s IPO is expected to be an important avenue for financial growth for SoftBank at a challenging time for the company.
Source: The Japan Times
