Arm CEO says firm fully committed to a market listing this year

FILE PHOTO: Chip technology firm Arm Ltd's chief executive officer Rene Haas poses in this handout picture taken in San Jose, California, U.S., March, 2022. Arm/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY./File Photo

SAN FRANCISCO (Reuters) - The chief executive of Softbank-owned British chip technology firm Arm told Reuters on Tuesday that the company is committed to a stock market float this year.

"The plans are actually fairly well developed and underway now," Rene Haas said in an interview after Arm's corporate parent reported its fourth straight quarter of losses. "We're doing everything we can and are committed to have it happen this year."