Arm Acquires Stake in Raspberry Pi, Intel Downplays Arm Threat, Nvidia and AMD Work on Arm-Based PC Chips

Arm Holdings plc has acquired a minority stake in Raspberry Pi Ltd to strengthen its partnership and develop high-performance IoT devices. Intel CEO downplays the threat of Arm encroaching on Intel's PC ecosystem, stating that Arm's impact is insignificant. Intel stock drops on reports that Nvidia and AMD are working on Arm-based PC chips, which could potentially disrupt Intel's market share. Kokusai Electric trims IPO pricing by 3% due to the lackluster performance of chip designer Arm since its listing. Arm faces Wall Street scrutiny after its largest IPO on the US stock exchange since 2021.