Arm will ease up its investment in research and development after two years of rapid growth even as it pushes to meet ambitious targets of doubling its UK headcount by 2021.
A rm will ease up its investment in research and development after two years of rapid growth even as it pushes to meet ambitious targets of doubling its UK headcount by 2021.
The Cambridge chip designer, which was brought by Japanese conglomerate SoftBank in 2016, said it expected investments to “increase at a slower pace” after adding more than 2,000 employees in two years .
SoftBank and Arm are under a legally binding agreement with the Takeover Panel to double staff numbers at the chip designer within five years of the £24bn deal that saw the company taken off public markets and into Japanese ownership.
In its six month results, Softbank said Arm would now focus on the integration of new staff. The chip firm’s designs are included in billions of connected devices and mobile phones.
According to a presentation to investors, Arm revealed its results had improved in the last three months, growing from £281m in the first quarter of the year to £345m in the three months ending September.
