Apple and Arm have signed a new long-term deal for chip technology that extends beyond 2040. The deal, which was not mentioned in Arm’s previous IPO filing documents, implies that it was signed between August 21 and September 5.
Arm is a British chip design company that owns the intellectual property behind the computing architecture for most of the world’s smartphones. Apple is one of Arm’s largest customers, using its technology in the designs of its own custom chips for iPhones, iPads, and Macs.
The new deal is a major boost for Arm, which is currently in the process of going public. It also provides Apple with continued access to Arm’s technology, which is essential for the development of its future products.
The deal is also significant because it comes at a time when Apple is increasingly relying on its own chips. In 2020, Apple announced that it would be moving its Mac lineup from Intel chips to its own M-series chips, which are based on Arm architecture.
The new deal with Arm ensures that Apple will have access to the latest chip technology for years to come. This will help Apple to maintain its competitive edge in the smartphone and computer markets.
The sources for this piece include an article in Reuters.