Tech investors have had little to sink their teeth into when it comes to IPOs in 2023—but it looks like that's about to change. This week phone chip designer Arm confirmed it has taken the first step towards an initial public offering, widely touted to be the biggest of the year.
Cambridge, U.K.-based Arm has risen from an obscure parts creator to one of the most critical players in the technology industry, masterminding the semiconductors which power 99% of all smartphones in the world.
