Arm (ARM) Expands Into Chipmaking With Key Amazon Hire

Arm Holdings plc (NASDAQ:ARM) is one of the Trending AI Stocks in Focus This Week. On August 18, Reuters reported that Arm Holdings has hired Amazon’s artificial intelligence chip director Rami Sinno to help develop its own complete chips.

Sinno has previously developed Amazon’s homegrown AI chips called Trainium and Inferentia that build and run large AI applications. While Arm hasn’t delved into the chip-making business previously, it has been involved in designing the core architecture and instruction set for processors that it sells to customers.

The company is now looking into expansion beyond the supply of crucial chip intellectual property to developing its own complete designs. Back in July, Arm had disclosed plans to devote a percentage of its profit into building its own chips and other components. CEO Rene Haas had also hinted at the possibility of moving beyond designs and building chiplets.

Arm Holdings plc (NASDAQ:ARM) is a semiconductor and software design company that designs and manufactures semiconductor technology and other related products.

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