… puts a rocket under your share price.
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ARM Holdings was underperforming the market on Tuesday afternoon, as rumours of a tie-up between Apple and Intel did the rounds.
The story can be sourced to Citigroup analyst Glen Yueng, who reckons a foundry relationship might be formed between Apple and Intel. Read more
Intel is launching its first chip designed for tablet computers in an attempt to wrest control of the fast-growing market from UK-based Arm, whose chip architecture is now behind the majority of smartphones and tablets, reports the FT. The world’s biggest chipmaker will on Tuesday announce the availability of “Oak Trail”, the first product released by its newly-formed “netbooks and tablets” group, at a conference in Beijing. Intel expects more than 35 devices to be using Oak Trail starting from May, including ones from Fujitsu and Lenovo.
It seems somebody doesn’t believe Apple, Intel, Samsung or some other big company is going to launch a cash offer for the UK chip designer.
That somebody is actually several Arm executives and a handful of non-executive directors who have just declared the sale of around 725,000 shares. (Note that these disposals follow a flurry of selling at the start of August). Read more