The Inquirer writes chip licenser ARM has posted a first quarter profit of £89.4 million, a whopping 44 percent more than the year before. The company says shipments of ARM-based chips reached 2.6 billion units in the first quarter, a 35 percent year-over-year increase.
Warren East, the outgoing CEO of ARM said, "ARM's royalty revenues again outpaced the wider semiconductor industry. This out-performance has been driven by market share gains in key end markets including digital TVs and microcontrollers. In addition, the growth in smartphones and tablets continues to benefit ARM.
"Even low cost smart devices can contain multiple ARM-based chips and be based on ARM's advanced Cortex A-series technology and Mali graphics processors."
ARM's financials are in stark contrast to those of Intel. Last week Intel reported a 25 percent drop in profits as it battles against falling PC sales and seeks a foothold in the smartphone and tablet markets.