New Apple chip technology deal to extend beyond 2040

Long history: The iPhone is an attraction at a grand opening in Phnom Penh, Cambodia. Apple is among the large tech companies that on Tuesday invested US$735mil in Arm’s IPO, and is also one of the initial companies that partnered to start the firm in 1990. — AFP

NEW YORK: Apple has signed a new deal with Arm for chip technology that “extends beyond 2040”, according to Arm’s initial public offering documents filed on Tuesday.

Arm unveiled pricing on Tuesday for what it hopes will be a US$52bil initial public offering (IPO), which would be the largest such deal in the United States, this year.