Apple has struck a deal with chip design company Arm that will extend beyond 2040. as reported by Reuters. A disclosure noting the deal appeared in new documents Arm filed as part of his planned initial public offering.
The statement on the agreement does not have many additional details. “We have signed a new long-term agreement with Apple that extends beyond 2040, continuing our long-standing collaborative relationship with Apple and Apple’s access to the Arm architecture.” Arm said in the document.. But given how much Apple relies on Arm’s designs for the custom chips that power its most popular and profitable products, like the iPhone, Mac, iPad, and Apple Watch, plus the upcoming Vision Pro, it indicates Apple plans to continue using Arm’s. technology platform for a long time.
It’s not just Apple that has a long-term interest in Arm. In his documents, Arm also said that some major technology companies, including AMD, Apple, Google, Intel, Nvidia, Samsung and TSMC, have “indicated interest” in buying “up to a total” of $735 million worth of Arm stock. .
Arm’s initial public offering follows Nvidia’s failed attempt to buy it from parent company SoftBank. That deal was announced in 2020 but scrapped in 2022 due to “significant regulatory challenges” as it faced intense scrutiny from UK, EU and US regulators.