Arm Holdings plc acquires a minority stake in Raspberry Pi, extending its partnership for high-performance IoT devices. Intel downplays the threat of Arm, with its CEO stating that its impact is insignificant. Nvidia and AMD are reportedly working on Arm-based PC chips, potentially impacting Intel's market share. Kokusai Electric trims indicative pricing for its IPO, reflecting the lackluster performance of Arm since its listing. Arm's IPO raises $4.87 billion, making it the largest IPO on the US exchange since November 2021.

Arm's Expansion and Market Impact