Arm tells smartphone makers to put up or shut up as it gins up cash for IPO

Arm is in a rush to make money. Its parent company, Japanese tech conglomerate SoftBank, has been bleeding money and couldn’t convince regulators to have Nvidia buy the semiconductor design firm off of it. So, what’s “Plan B?” Spin the company off in an IPO. In order to do that, Arm needs to be seen making more money than it has been. And so, the company may be considering what market observers are calling a Hail Mary.