SoftBank-owned British chip design firm Arm rolls out new tech for mobile devices, Taiwan’s MediaTek signs up to use

Arm’s new technology for mobile devices will be used by Taiwanese chip designer MediaTek to boost the performance of next-generation smartphones

MediaTek has been pushing into the market to supply integrated circuits for premium smartphones, a market once dominated by rival Qualcomm

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Rene Haas, chief executive of British chip designer Arm, presents the company’s latest innovation at the Computex conference and exhibition in Taipei, Taiwan, on May 29, 2023. Photo: Reuters

Published: 4:48pm, 29 May 2023

SoftBank Group Corp-owned Arm, the British semiconductor tech company, on Monday rolled out new technology for mobile devices, which Taiwanese smartphone chip designer MediaTek said it will be using for its next-generation product.

MediaTek, a long-time supplier of low- and mid-tier smartphone processors, has been pushing into the market to supply integrated circuits (ICs) for premium smartphones, once dominated by rival Qualcomm, which has been in a legal battle with Arm since last year over chip licensing agreements.

In Arm’s blog announcing the new products, MediaTek said the innovation will help improve the performance for next-generation smartphones.

Shares in SoftBank, whose chief executive Masayoshi Son is focused on listing Arm, closed up 8.2 per cent in Tokyo in the biggest jump in more than a year. MediaTek shares were up 1.1 per cent.

MediaTek-designed chips are seen on a development board at the company’s booth at the Computex exhibition in Taipei, Taiwan, on June 3, 2015. Photo: Reuters

“Investors have become extremely sensitive to any news about AI [artificial intelligence] or chip technology, and jumped on this Arm news,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management.

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