[Reuters] Chip designer ARM's Q4 profit beats expectations

Posted by: UGN Security

[Reuters] Chip designer ARM's Q4 profit beats expectations - 02/05/13 07:22 AM

LONDON (Reuters) - British chip designer ARM reported a better-than-expected 16 percent rise in pretax profit in the fourth quarter as it rode the wave of soaring sales of smartphones and tablets, nearly all of which contain its technology.