Apple signs new long-term chip supply agreement with Arm.
The company uses Arm technology in the process of developing its own chips for its iPhone, iPad and Mac
Apple signs a new agreement with Arm for chip manufacturing technology that "extends beyond 2040."
Arm owns the intellectual property for the computing system for most of the world's smartphones, which it licenses to Apple and many other companies. Apple uses Arm's technology in the development of its own chips for its iPhone, iPad and Mac.
The two companies have a long history of collaboration, with Apple being one of the first companies to found the firm in 1990, before launching the "Newton" laptop computer in 1993, which used a processor chip based on Arm's technology. The Newton failed, but Arm has become dominant in mobile phone chips thanks to its low power consumption, which helps batteries last longer.
Background. Earlier, Mind wrote that Apple, Nvidia, and Google agreed to invest in the IPO of chip developer Arm, which is estimated at $50-55 billion.
