UK-based Arm, one of the world’s key players in the chip market, is reportedly planning to expand into the development of AI chips. Arm designs the building architecture for chips (mainly) in consumer electronics, which it licenses to semiconductor giants such as Qualcomm and Nvidia. The company claims that its technology is powering 99% of premium smartphones on the market. Japanese SoftBank Group holds a 90% stake in the chip designer.The move towards AI chips is part of SoftBank’s ambition to become a force in artificial intelligence, Nikkei Asia reports. According to the paper, Arm will set up a dedicated AI…
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