ARM boosted by iPad launch

As the Cambridge based chip designer ARM Holdings announced its results for 2009, the fact that revenues were down by ten per cent and pre tax profit was down by four per cent faded into the distance as rumours circulated that the company is in business with Apple.

ARM Holdings is believed to be providing Apple with the low energy chip needed to power the latest Apple device, the iPad.

ARM chips can be found in most satellite TV set top boxes, digital TVs and smartphones, but this deal with Apple, if it is true, could launch ARM into the stratosphere once more.

Share prices in the firm went up by over three per cent, taking the market value of the firm to £2.5 billion.