Home » Economy » Qualcomm is teaming up with NXP to compete with ARM’s chip technology

Qualcomm is teaming up with NXP to compete with ARM’s chip technology

2023-08-04 19:12:21

A group of chip design firms, including Qualcomm and NXB Semiconductors, is setting up a new company to accelerate development of RISC-V, a technology to rival Arm’s.

In cooperation with the Norwegian company “Nordic Semiconductor ASA”, “Robert Bosch GmbH” and “Infineon Technologies AG” of Germany, semiconductor producers will jointly invest in the establishment of a new company to promote the structure of Risk5 is open source for use in chip design, the companies said in a statement Friday.

The effort was bolstered by concerns among global chipmakers regarding dependence on ARM technology, which is owned by Softbank Group Corp., widely used in smartphones and rapidly catching on in larger devices, data centers, and more. and cars.

Arm provides designs for the core components used in making chips, such as those made by Qualcomm, and is seeking an initial public offering at a valuation of $60 billion no later than next month.

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