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Microsoft chip deal sends Arm Holdings shares up | |
(40 minutes later) | |
Shares in chipmaker Arm Holdings have risen 8.2% after Microsoft said its new Windows operating system would be able to run on chips designed by Arm. | Shares in chipmaker Arm Holdings have risen 8.2% after Microsoft said its new Windows operating system would be able to run on chips designed by Arm. |
The chips are usually found in mobile phones and the deal is significant as previously Windows has been connected with Intel-designed chips. | The chips are usually found in mobile phones and the deal is significant as previously Windows has been connected with Intel-designed chips. |
Arm shares had initially jumped 12.6% in early trading to 531p. | Arm shares had initially jumped 12.6% in early trading to 531p. |
"While expected, we view this as a very positive [deal] long-term for Arm," UBS analysts said in a note. | "While expected, we view this as a very positive [deal] long-term for Arm," UBS analysts said in a note. |
'Significant milestone' | |
Microsoft chief executive Steve Ballmer made the announcement during his keynote speech that opened the Consumer Electronics Show (CES) in Las Vegas. | Microsoft chief executive Steve Ballmer made the announcement during his keynote speech that opened the Consumer Electronics Show (CES) in Las Vegas. |
Arm chief executive Warren East said the announcement marked a "significant milestone" for the company. | |
Windows combined with Arm technology would "enable innovative platforms to realise the future of computing, ultimately creating new market opportunities and delivering compelling products to consumers", he said. | |
Microsoft's mobile version of Windows already runs on Arm-designed chips. | Microsoft's mobile version of Windows already runs on Arm-designed chips. |
About 80% of all mobiles, including Apple's iPhone 4, are built around chips made from Arm designs. | About 80% of all mobiles, including Apple's iPhone 4, are built around chips made from Arm designs. |
Arm, which was founded in 1990 and employs 1,700 people, has its headquarters in Cambridge in the UK, but also has operations in France, India, Sweden and the US. |