- The chief executive of ARM (NASDAQ:ARMH), the chipmaker which saw a spike in its share price this year around Apple takeover rumors, has told CNBC that remaining independent is the "right thing" for his company.
- "There are rumors all the time about us being acquired. But when you look at our business model...it's much less expensive for them to license our technology than to buy the whole company." said Simon Segars.
- The announcement came as ARM reported Q2 results. Profits came in at £124M ($193M), up 31% Y/Y, but slightly below market expectations of £126M.