Mobile chip designer has solid quarter and announced record number of licensees.
ARM continues to be the undisputed king of the mobile SoC space as its competitors play the impossible game of trying to catch up is the story ARM Holdings’ earnings report told Tuesday.
The chip designer reported earnings of $86.7 million on revenue of $309.6 million for the quarter. For the first half of the year the company reported earnings of $126.7 for the first half of the year on revenue of $614.8 million.
ARM reported that during the quarter it had acquired 41 new licensees for its chips, bringing the total number to more than 1,100.
“Our continued strong licensing performance reflects the intent of existing and new customers to base more of their future products on ARM technology,” ARM Chief Executive Simon Segars said in an earnings release. “The 41 processor licenses signed in Q2 were driven by demand for ARM technology in smart mobile devices, consumer electronics, and embedded computing chips for the Internet of Things, and include further licenses for ARMv8-A and Mali processor technology.”
In contrast, Intel’s mobile chip division continues to face quarter-over-quarter declines in revenue as Intel hemorrhages cash trying to buy wins. While AMD is not competing in the smartphone market, AMD has struggled to find flagship wins for its mobile chips despite big promises from company executives.