Arm looks to invest to produce own chips, Reuters reports

Arm (ARM) Holdings issued quarterly guidance that disappointed shareholders in part because the company intends to invest a portion of its profit into producing its own chips and other components, Reuters’ Max Cherney and Arsheeya Bajwa report, citing CEO Rene Haas. Finished chips are the “physical embodiment” of a product Arm already sells called Compute Sub Systems, Hass said, adding, “We are consciously deciding to invest more heavily – (in) the possibility of going beyond (designs) and building something, building chiplets or even possible solutions.”