According to Telegraph, British Chip maker ARM gains 73pc rise in full year profit, Revenue rose 29pc to £406.6m, ARM is the main processor maker for Apple iPad. The Cambridge-based company designs microchips for almost all of the world’s smartphones and tablets, including the iPhone and iPad.
In a result statement ARM said that more than 1.1bn ARM-processor based chips delivered for mobile devices. And it lead the company to gain 47pc rise in the chip designer’s profit in the final three months of the year to £47.6m on revenues up 34pc to £113.9m.
“2011 will bring exciting opportunities and challenges as ARM enters competitive new markets and we are well positioned to succeed with leading technology, an innovative business model and a thriving ecosystem of partners.” Said Warren East, chief executive of ARM.