FILE PHOTO: The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo
(Reuters) -Arm Holdings plans to launch its own chip this year after securing Meta Platforms as one of its first customers, in a major shift to the chip tech provider's model of licensing its blueprints to other companies, the Financial Times reported on Thursday, sending its U.S.-listed shares up about 5%.
This move would put Arm in direct competition with some of its largest customers, including Nvidia, which build their own chips on top of Arm's architecture.
