Arm will join forces with manufacturing partners to develop the new semiconductors, the Financial Times said, citing people briefed on the move, adding that the company has built a new “solution engineering” team that will lead the development of these prototype chips for mobile devices and laptops. And other electronic devices, according to Reuters.
The Financial Times, citing industry executives, said SoftBank Group Corp. (9984.T)’s latest chip, which it began working on in the past six months, is “more advanced” than ever.
The Financial Times said the chip designer has no plans to sell or license the product and is only working on a prototype.
Arm is a major supplier of intellectual property to many chip companies, particularly in mobile phones and has partnerships with major contract chip manufacturers.
Earlier this month, Intel Corp. (INTC.O) said it would work with Arm to ensure that mobile chips and other products using Arm technology are manufactured at Intel factories.
Arm did not immediately respond to a Reuters request for comment.