Softbank said it will acquire chipmaker Ampere Computing in a $6.5 billion all-cash deal. Oracle and Carlyle, Ampere's primary investors, have agreed to sell their stakes.
Arm is launching CSS (Compute Subsystem) for Client, an integrated set of technologies that aims to optimize AI workloads on edge devices. The effort reflects how more AI workloads are going to be distributed to edge devices such as PCs and smartphones.
Two Year IPO Drought Coming To An End
In 2023, only 148 companies completed an initial public offering (IPO). This was the worst year on record and followed a 15% decline from the number of IPO's in 2022, another disappointing year. In 2023, ARM was the sole blockbuster tech IPO.
After a brutal two years with a paucity of tech IPOs, the market is poised for a resurgence in 2024.
