Arm CEO: The company is committed to going public this year, new markets and chip upgrades are the key to growth

According to Bloomberg News, Rene Haas, CEO of Arm, a British chip technology company owned by SoftBank, said recently that the company is committed to going public this year, saying that new markets and improved chips are the key to the company's continued growth.

"As a company, Arm is not the Arm that people knew a few years ago," Rene Haas said in an interview. "This is a diverse company, and the key factors that help Arm win in smartphones are the same factors that help us succeed in automotive and data center markets."

Arm's third-quarter sales rose 28% to $746 million. Japan's SoftBank Group Corp's unit is "well-rounded" and plans an initial public offering by the end of the year, Rene Haas said.

Rene Haas said the company's growth was driven by more technology per device and higher licensing rates rather than increased unit sales. Smartphones now have multi-core processors, and data centers are using more chips to run AI workloads. Cars are increasingly fitted with multiple sensors and chips that provide human drivers with more assistance and information that will eventually enable autonomous driving.

"I think we're going to excel in energy efficiency," Rene Haas said in an interview. "These new AI algorithms are intensive, which will be critical in a world where we don't have as much energy to solve problems."

Arm is the world's largest supplier of chips designed for smartphones, selling intellectual property to the likes of Apple and Qualcomm. Arm makes money through upfront licensing deals with these companies, and then collects royalties for every chip sold using its technology.