Arm announced its second fiscal quarter report

Chip design company Arm announced its second fiscal quarter report on September 30. Royalty revenues jumped from US$378.2 million in the same period last year to US$463.2 million.

However, total revenue fell 16 percent to $ 655.85 million, as license fees plunged 53 percent to $192.7 million.

Arm said that all segments of the royalty have grown, with ADAS adoption continuing to drive more advanced computing in the car both the automotive business line and the Internet of Things reaching new highs. Nvidia's Grace processor will be one of the first chips to integrate the Neoverse V2 CPU core, due out in 2023. Despite the decline in smartphone shipments, royalties for devices have also risen.

Arm customers shipped 7.5 billion Arm-based chips in the three months of the fiscal second quarter, up 9% year-over-year. The entire Arm ecosystem now has more than 240 billion Arm-based chips.

Arm CEO Rene Haas, who succeeded Simon Segars earlier this year after Nvidia's failed acquisition of Arm said, as all markets served to continue to adopt our technology, Arm is defining The future of computing, as evidenced by our strong licensing results and record royalty revenue this quarter. As we continue to diversify, our investments across all business areas continue to pay off, particularly with significant growth in automotive and IoT.

Arm's adjusted earnings before income taxes, depreciation, and amortization (EBITDA) margin was 50%, compared with 59% a year earlier. Arm is widely expected to have an initial public offering this year, but parent company SoftBank may decide to delay the listing given the turmoil in financial markets. SoftBank Vision Fund reported a $7.2 billion loss for the quarter as it wrote down investments in technology stocks.

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