Alexander Lewis 
May 13, 2024
SoftBank Group’s Arm subsidiary, based in the UK, is gearing up to produce artificial intelligence chips. The company aims to roll out its initial products next year.
According to Nikkei Asia, Arm will establish an AI chip division as part of SoftBank CEO Masayoshi Son’s £64 billion initiative to revamp the company into an AI powerhouse. It targets having a prototype ready by spring 2025 and commencing chip shipments by autumn.
SoftBank is said to be in talks with Taiwan Semiconductor Manufacturing Corp. about potentially manufacturing the chip.
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In addition to developing the AI chip, SoftBank intends to integrate AI with semiconductor and robotics technologies. This integration hinges on AI chips capable of handling substantial data volumes.
The AI market is valued at £30 billion this year but is forecasted to soar to over £100 billion by 2029 and surpass £200 billion by 2032.
With venturing out into the realm of AI, addition of an AI chip to be more specific, SoftBank earnings will definitely surge as a result.
