Arm surges on appetite for chips
Arm Holdings, the British tech success story whose chips power Apple's iPhones and iPads, beat City expectations with £276.5m annual pre-tax profits.
The Cambridge company, which started in the 1970s making some of the earliest personal computers under the Acorn brand, saw pre-tax profits rise 16 per cent in the fourth quarter to £80m, thanks to the surging global demand for smartphones and tablets.
It shipped 2.5 billion chips in the last three months of last year. Total profit for Arm, whose chip designs are used in the iPad and iPhone, rose 20 per cent in 2012. Its shares were up 39p at 931p, making it one of the highest risers in the FTSE 100.
And why are 'southern' ways of speaking spreading north?
life + styleClarissa Baldwin is the brains behind the slogan 'A Dog is for Life not just for Christmas'
Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
Rapper Ja Rule forced to deny leaving his wife for prison cell mate
Paul Walker autopsy: Results reveal Fast and Furious star's cause of death
Scientists sequence oldest human DNA from fossilised leg bone found in Spain
UK weather: Thousands evacuated as biggest tidal surge in 60 years threatens England's east coast
- 1 Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
- 2 A forgotten episode in Russian history leaves links with the Philippines
- 3 Scientists sequence oldest human DNA from fossilised leg bone found in Spain
- 4 Cannabis can cause man boobs, US surgeon claims
- 5 Joanna Lumley’s garden bridge over the Thames gets £30m seal of approval from Government
iJobs Money & Business
£50000 - £65000 per annum + benefits + bonus: Harrington Starr: Market Data SM...
£50000 - £70000 per annum + benefits + bonus: Harrington Starr: Business Analy...
£70000 - £85000 per annum + benefits + bonus: Harrington Starr: Business Analy...
£75000 - £85000 per annum + Bonus and Benefits: Harrington Starr: An award win...