Arm shares rise on report that Meta will buy its first chip
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Arm shares increased by 5% following a report that the company is developing its own chip and has secured Meta as one of its first customers. This new product is expected to compete with many of Arm's existing customers.
February 13, 2025 | 7:45 pm
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Meta is reportedly one of the first customers for Arm's new chip, which could enhance its technological capabilities.
Meta's involvement as a first customer for Arm's new chip suggests a strategic move to enhance its technological infrastructure, which could positively impact its operations and stock price.
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