Arm wants a bigger slice of the chip business

**Chipmaker Arm Aims to Expand Its Share of the Market** In a recent development, British chip designer Arm has announced its intention to increase its stake in the global chip business. The company, which is currently owned by SoftBank, a Japanese conglomerate, is looking to expand its presence in the industry. This move is seen as a strategic attempt to challenge the dominance of rivals such as Intel and AMD. Arm's chips are widely used in mobile devices, and the company is now seeking to make inroads into other areas, including cloud computing and artificial intelligence. With its cutting-edge technology and diverse range of applications, Arm is poised to play a significant role in shaping the future of the chip industry. The move is expected to have far-reaching implications for the tech sector, and industry experts are closely watching Arm's next steps. As the company seeks to assert its dominance, it will be interesting to see how the market responds to its ambitions. **Key Takeaways:** * Arm aims to increase its share of the global chip market * The company plans to expand into new areas, including cloud computing and AI * Arm's move is seen as a challenge to rivals such as Intel and AMD * The development is expected to have significant implications for the tech sector Stay tuned for further updates on this story as it unfolds.