Arm Holdings, the chip design company controlled by SoftBank, had a successful IPO debut, with its shares surging by nearly 25% on the first day of trading. The company, which initially priced its shares at $51 each, opened at $56.10 and closed the day at $63.59, resulting in a valuation of almost $60 billion. Arm’s chip architecture is widely used in smartphones, and it is expanding into new areas, including artificial intelligence. While the IPO received strong demand from investors, there are concerns about its high valuation and SoftBank’s control over the company. Despite these concerns, Arm remains a prominent player in the semiconductor industry, with strategic investments from tech giants like Apple and Nvidia, and it is eyeing growth in data centers and automotive applications to diversify its business.

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