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ARM sees pre-tax Q4 profits soar to £49.67 million

Chip designer benefits from demand for iOS, Android phones and Vita

ARM, the UK-based chip designer has seen its pre-tax Q4 profits rise to £49.67 million, up from £34.92 million for the same quarter a year previous.

"In Q4 and throughout 2011 ARM has seen strong licensing growth, driven by market-leading semiconductor companies increasing their commitment to ARM technology, and more new customers choosing ARM technology for the first time," said ARM CEO Warren East.

"We have also seen our royalty revenue continue to grow faster than industry revenues as the ARM Partnership gains share in our target markets."

The group expects year total revenues to exceed $860 million.

ARM does not manufacture chips itself, but designs and licences its technology to be used in every iOS and Android phone, as well as PlayStation Vita and many other devices.

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