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Apple has signed a new deal that "extends beyond 2040" with the semiconductor company Arm.
As reported by Reuters, the corporations are planning to extend their long-standing partnership.
“We have entered into a new long-term agreement with Apple that extends beyond 2040, continuing our longstanding relationship of collaboration with Apple and Apple’s access to the Arm architecture."
It's not surprising as Apple has been Arm's chip designs since the 90s. Arm also reported that other major companies, like AMD, Intel, MediaTek, NVIDIA, Qualcomm, and Samsung, had shipped Arm-based chips in the fiscal year ended March 31.
On Tuesday, the company launched its IPO, trying to convince investors it is worth $52 billion. Apple, NVIDIA, Alphabet, AMD, Intel, and Samsung Electronics expressed interest in buying $735 million of its stock.
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