Behind the scenes of its much-anticipated initial public offering, SoftBank-owned chip designer Arm has pushed a clear message to skeptical analysts and investors: Growth is coming soon.
The company told investment banking analysts last month in Cambridge, England, that its recently flat revenue growth would re-accelerate over the next few years after it hiked royalty fees by about 40% on smartphone companies using a new version of its chip technology, two people with direct knowledge of the meeting said. The company is also counting on a recovery in the smartphone sales market from manufacturers that purchase Arm’s chip technology.
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