Arm's chip will be a central processor for servers, according to the report, not the kind of graphics processor typically used for the heaviest AI workloads.
Nvidia tried to purchase Arm in 2020 from Softbank for $40 billion before the deal was blocked by regulators over Arm's key role in the chip market. Arm went public in 2023 and now has a market cap above $173 billion.
Arm shares have risen nearly 29% so far in 2025 as it is seen as a core enabler of AI systems. Company leadership has told investors that it is looking to sell more advanced technology to its existing customers to grow revenue.