Tech

A sales hand reports a record as SoftBank suffers a historic loss

Army semiconductor designer yes reported Record revenue – up 35% to $ 2.7bn (£ 2.2bn) – after parent company SoftBank reported a record $ 27bn loss through its technology funds.

Japanese conglomerate SoftBank is trying to float Army in the public markets after its sale to US technology giant Nvidia collapsed due to pressure from competition regulators.

Army, which designs and permits the intellectual property of processors used in many smartphones and computers worldwide, has launched a record 29.2 billion chips in 2021.

This increased its non-rental licensing revenue by 61% to $ 1.13bn (£ 927m). Its royalty income increased 20% to $ 1.54bn (£ 1.26bn) ever, while adjusted earnings increased 68% year-on-year to $ 1bn.

“Our results show that the demand for Army technology and the strength of the Army ecosystem have never been greater – our computing platform will lead the next set of technological revolutions across cloud computing, automotive and autonomous systems, the IoT, the metaverse and beyond. , ”Said Rene Haas, CEO, Army.

In contrast, SoftBank this week published a record loss of $ 27bn (£ 22.17bn). for his Vision Fund. The world’s largest technology investor had gone 14 years earlier without posting a quarterly loss, previously $ 8.9bn loss in 2019 due to bad bets on companies like WeWork and Uber.

Softbank received An Army company headquartered in Cambridge back in 2016 for $ 32bn (£ 23.4bn) – a move criticized by critics for selling “jewel” British technology.

Softbank is CEO said to Army “a golden age and an exciting IPO will soon”.

Uncertainty about SoftBank Arm listing

However, the timing of the IPO could be delayed due to the market uncertainty created by large sold technology stocks.

The Army IPO site sparked debate in the tech industry. Many UK tech stakeholders believe Army should list in London, with Prime Minister Boris Johnson engaged in the lobbying efforts last week to convince SoftBank to choose the capital over New York.

However, the co – founder of the a company that goes out of hand London recently called “too small” for Army IPO and suggested dual-listing and New York as the “natural solution”.

This comes after US GPU designer Nvidia earlier in the year abandoned its $ 40bn (£ 29.6bn) Army takeover.

Selecting the US for its IPO would be a huge setback for the UK government with the aim of attracting more tech firms to list in the capital. Brexit IPO Reforms.

UK technology IPOs have raised a Recorded £ 6.6bn last year, doubling the volume in 2020, with significant listings including Deliveroo and Moonpig among them.

RATN contacted Army for comment but was directed to Softbank for comment.

Softbank was contacted for comment.



A sales hand reports a record as SoftBank suffers a historic loss

Source link A sales hand reports a record as SoftBank suffers a historic loss

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