Arm has announced plans to reorganise the company by the end of September, so that it can focus on its core semiconductor IP business. Under the deal, the company wants to transfer its two IoT Services (ISG) businesses, IoT Platform and Treasure Data, to Arm parent company Softbank. The new ISG operations would continue to work with Arm but as a separate entity.
Arm CEO Simon Segars said the move would put Arm in a stronger position to innovate in its core IP roadmap and to expand opportunities across a range of markets. Meanwhile ISG would be able to “maximise” its value as well. The move still has to get approval from Arm's review board.
Arm said it has shipped over 165 billion Arm-based chips to date, averaging out at more than 22 billion per year over the past three years as demand for computing accelerates with the proliferation of IoT, 5G and AI.
Softbank bought Arm four years ago for USD 32 billion and has said it hopes to put the chipmaker back on the stock market.
