ARM gains from smartphone demand

Suzie Neuwirth

DEMAND for smartphones and mobile computers have driven revenue growth for British chip designer ARM this quarter, up 28 per cent from the previous year.

The company announced revenues of £132.5m in the first quarter of 2012, which increased to £170.3m in the first quarter of 2013.

“Everyday devices are becoming smarter, more connected and more energy efficient, which is increasing the applicability of and demand for ARM's technology,” said CEO Warren East.

“ARM's royalty revenues again outpaced the wider semiconductor industry. This outperformance has been driven by market share gains in key end markets including digital TVs and microcontrollers.

“In addition, the growth in smartphones and tablets continues to benefit ARM.”