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ARM Holdings, plc (ARMH)

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  • Dec. 10, 2012, 4:00 PM
    Imagination Tech (IGNMF.PK) will now be paying MIPS (MIPS +1.2%) $80M to buy what will remain of it (i.e. its CPU core business) following a patent sale. Imagination's new offer trumps a $75M bid from CEVA (CEVA -0.3%), which in turn was above Imagination's original $60M offer. ARM (ARMH) would probably prefer that CEVA acquire what passes for its largest CPU core rival, rather than GPU core leader Imagination. MIPS' total proceeds from the two sales now stand at $7.64/share. (PR)
  • Dec. 7, 2012, 7:14 PM
    AppliedMicro (AMCC -2.8%) thinks its ARM server CPUs have a 12-18 month lead on rivals, notes Williams Financial. Moreover, AMCC's history as a telecom chipmaker has helped it develop interconnects and switch fabric chips to connect its CPUs, and a slew of value-added features. It hopes to commence sales by Q413 or Q114. Marvell and AMD are also going after the ARM server CPU market (I, II), expected to grow quickly thanks to demand from Internet companies and others looking to make their hardware as dense and power-efficient as possible. (Intel Centerton)
  • Dec. 7, 2012, 6:23 AM
    China's Ministry of Commerce joins the EU in conditionally approving a JV involving Arm Holdings (ARMH) that seeks to develop increased security for mobile devices. The other companies in the JV are Holland's Gemalto and Germany's Giesecke & Devrient. To allay antitrust concerns, China ordered ARM to provide competitors with information about its TrustZone security technology.
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  • Dec. 6, 2012, 11:44 AM
    Intel (INTC) has a dedicated salesperson for each of its "big four" cloud customers - Google, Amazon, Facebook, and Microsoft - says its server CPU chief. The big four develop their own Intel-based servers, and their preference for cheap, low-power, densely-packed hardware means they often use lower-margin CPUs than many enterprise clients - that's a big reason server industry revenue is declining, and the collective share of top-5 vendors slumping. But Intel is better off addressing this market than seeing cloud clients turn to AMD's SeaMicro unit or ARM-based CPUs.
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  • Dec. 5, 2012, 11:08 AM
    Fresh off raising $6B, Intel (INTC -0.8%) has received two negative sell-side notes. 1) Raymond James has downgraded shares to Underperform, warning gross margin could fall below 55% from the 62%-65% seen lately, thanks to competition from AMD and ARM-based chips. It's also skeptical any internal replacement for CEO Paul Otellini will provide needed change. 2) Nomura thinks the odds of Apple eventual dumping Intel are high, arguing desktop-caliber ARM processors are now possible and the move could save Apple $100/unit in costs.
  • Nov. 20, 2012, 4:44 PM
    MIPS discloses it has received an unsolicited bid from CEVA to acquire what will remain of the company after a patent sale to an ARM-led consortium is finished for $75M in cash. That trumps a $60M offer from GPU core developer Imagination (IGNMF.PK). MIPS' board is evaluating the offer. If CEVA's offer wins out, MIPS' CPU core business would complement CEVA's DSP core business, and could also yield synergies for its chip platform business. MIPS halted. CEVA -0.6% AH. (PR)
  • Nov. 20, 2012, 10:05 AM
    ARM (ARMH -3.4%) has opened lower after Raymond James downgrades shares to Outerperform from Strong Buy - ARM closed near its 52-week high yesterday. Meanwhile, Intel (INTC -2.7%) is lower not only due to H-P's bleak PC and server sales data, but also due to a downgrade to Neutral from UBS, which is worried about the near-term impact of Paul Otellini's May retirement.
  • Nov. 19, 2012, 9:37 AM
    More on Intel: Otellini's planned retirement is already triggering speculation it has to do with Intel's (INTC +0.8%) mobile challenges: though having made some headway lately with its Medfield and Clover Trail chips, Intel still only has a small chunk of the smartphone/tablet processor market relative to ARM-based solutions. Rumors that Apple is thinking of abandoning Intel don't help either. Intel's Q4 sales are expected to fall 2% Y/Y, though that's better than the PC industry at-large. Intel is also announcing software chief Renee James, COO Brian Krzanich, and CFO Stacy Smith have been granted the title of executive VP.
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  • Nov. 6, 2012, 9:42 AM
    More on MIPS: While a consortium featuring ARM (ARMH -0.1%) is buying most of MIPS' (MIPS +1.6%) patents, GPU core developer Imagination Tech (IGNMF.PK) is buying its CPU core licensing business and 82 patents for $60M. The purchase will allow Imagination, whose GPU core leadership is being challenged by ARM, to return fire by going after ARM's CPU core hegemony. MIPS' proceeds from the two deals amount to $7.31/share, a 4% premium from yesterday's close. Shares had already been bid up on M&A expectations. (PR)
  • Nov. 6, 2012, 5:54 AM
    ARM Holdings (ARMH +1.4%) has a joined consortium called Bridge Crossing that has agreed to pay $350M to acquire the rights to a patent portfolio owned by MIPS Technologies (MIPS). ARM's contribution will be $167.5M. The portfolio includes 580 patents and patent applications covering microprocessor and system-on-chip designs, as well as related technology. (PR)
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  • Nov. 5, 2012, 4:34 PM
    More on Apple/Intel: Apple engineers have "grown confident" their power-efficient ARM-based chips will eventually be powerful enough for Macs, sources tell Bloomberg. Also, hardware engineering chief Bob Mansfield is reportedly interested in creating a more uniform experience between iOS and Mac OS. However, Apple is deemed "unlikely to switch in the next few years." To make a full switch, Apple needs to guarantee backwards-compatibility for existing software, something Microsoft didn't do with Windows RT. ARM (ARMH +2.7%) rallied on the report.
  • Oct. 31, 2012, 1:09 PM
    Intel (INTC) is working on a 48-core processor for mobile devices, but cautions the chip is years away. For 48 cores to make sense, there need to be advances in both performance needs and the ability of mobile software to split up tasks: Intel is confident new voice recognition and computer vision apps will fit the bill. Next year, Intel's Valleyview chip will deliver 4 cores on an advanced 22nm manufacturing process. Yesterday, ARM announced its Cortex-A50 cores, which will enable mobile, PC, and server processors competing with Intel's solutions.
  • Oct. 30, 2012, 4:17 PM
    ARM (ARMH) has launched its Cortex-A50 CPU core line: the first two designs are the A57, which ARM claims delivers 3x the performance of the processors found in today's high-end phones, and the smaller A53, which supposedly can match the performance of said processors while consuming 1/4 as much power. Initial licensees include AMD (previous), Broadcom, Samsung, and STMicroelectronics. Absent are Qualcomm and Apple, who use custom ARM cores. The first A50-based chips are due in 2014.
  • Oct. 29, 2012, 5:56 PM
    AMD, long synonymous with x86 CPUs, is joining the ranks of companies developing ARM-based (ARMH) server CPUs. The first ARM-based AMD chip is set to arrive in 2014, and will support its SeaMicro unit's innovative low-power/high-density server platform. AMD's relatively small server CPU share means it has less to lose from embracing ARM than Intel (INTC). And given AMD's recent woes, taking a chance or two might be a good idea. (conference call) (earlier)
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  • Oct. 29, 2012, 1:17 PM
    Though adoption of ARM-based (ARMH) server CPUs will be held back over the near-term by software compatibility issues, many companies are already interested in using them in big data projects, where software is less of a hurdle and the power consumption and density benefits of ARM servers are given a premium. Among these companies is Dell (DELL), which is working on big data systems relying on startup Calxeda's ARM CPUs. AMCC and MRVL are two other chipmakers targeting this market.
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  • Oct. 26, 2012, 10:40 AM
    AppliedMicro (AMCC +26.9%) skies higher following it FQ2 report. Though results were ho-hum, the beaten-down telecom chipmaker guided on its earnings call for FQ3 revenue to rise 8%-12% Q/Q (consensus is for a 7% increase). It also announced a partnership with Red Hat (RHT) and ARM (ARMH) to develop server designs based on AppliedMicro's ARM CPUs. Evercore has added AppliedMicro to its Conviction Buy list, touting the company's backlog, share gains, and declining inventories. Rival PMC-Sierra (PMCS +2.1%) is up a bit.
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Company Description
ARM Holdings PLC designs microprocessors, physical IP and related technology and software, and sells development tools to enhance the performance and energy-efficiency of high-volume embedded applications.