Softbank-owned Arm seeks to raise prices ahead of US IPO

Arm Ltd, owned by Japan’s SoftBank Group Corp, is seeking to raise prices for its chip designs, as it aims to boost revenue ahead of an initial public offering in New York, the Financial Times reported on Thursday.

The British chip designer recently notified several of its customers of a “significant shift” to its business model, the newspaper said, citing several industry executives and former employees.