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.
ARM first quarter profit up 44 percent
Posted on Tuesday, Apr 23 2013 @ 14:45 CEST by Thomas De Maesschalck