chip maker Arm posts record 2021 revenue

SoftBank Group Corp’s chip technology firm Arm Ltd has reported record revenue for 2021.

Arm’s businesses also indicate a strong outlook, its Chief Executive Rene Haas told Reuters.

SoftBank plans to take the British tech company public as regulatory hurdles stopped a deal to sell it to U.S. chip maker Nvidia Corp.

Arm makes the basic blueprint used to design chips. The company had revenue of $2.7 billion last year, up 35% from the previous year.

Licensing business revenue rose 61% to $1.13 billion. Also, royalties, tracking the numbers of chips sold using Arm technology, rose 20% to $1.54 billion.

Haas said 29.2 billion chips using Arm technology were shipped last year, nearly 8 billion in the fourth quarter.