Arm Acquires Minority Stake in Raspberry Pi, Intel Downplays Arm Threat, Nvidia and AMD Develop Arm-based PC Chips, Kokusai Electric Trims IPO Pricing, Arm Holdings Plc's IPO Raises $4.87 Billion

Arm Holdings plc has acquired a minority stake in Raspberry Pi Ltd, extending its long-term partnership and committing to the development of high-performance IoT devices. Intel's CEO downplays the threat of Arm encroaching on Intel's PC ecosystem, stating that Arm's impact is insignificant. Nvidia and AMD are working on Arm-based PC chips, potentially posing a challenge to Intel's market dominance. Kokusai Electric has trimmed the indicative pricing for its IPO, reflecting the lackluster performance of chip designer Arm since its listing. Arm Holdings Plc's IPO has raised $4.87 billion, making it the largest IPO on the US exchange since November 2021, but analyst ratings are cautious.