Intel has sold its shares in chip design company Arm — likely for about $147 million and a hefty profit, given that the price of Arm scrip has risen 96 percent in the 10 months since it returned to public trading.
Did AI just invent recursive self-improvement and try to escape? Kind of, but not really…
Chipzilla does not say why it unloaded its shares. The only public notice of the sale is an updated version of its shareholding filed on Tuesday [PDF] in which 1,176,470 shares of ARM Holdings Plc – clearly in the November 2023 version of the same document – have been omitted.
The shares were acquired following suggestions that Apple, Samsung and Chipzilla would each buy a part of Arm to show their commitment to the chip design industry. Apple and Samsung use Arm's tech in their homebrew silicon, and Intel's Foundry Services business will happily bake Arm cores for its customers.
Taking a stake in Arm – which also meant getting some voting rights – showed that the three giants have skin in the game and an active interest in the British chip designer's success.
