Investors on both sides of the Atlantic are abuzz with a rumor Apple is considering acquiring UK chipmaker ARM for $8 billion. If true, such a deal could be a blow to a wide swath of competitors.
Although there has been no official comment on or off-the-record on a Wednesday report by the Evening Standard, the rumor pushed stock prices for the Cambridge, UK chipmaker up 8.1 percent. Along with powering a wide arrange of electronic devices ranging from Blackberries, Microsoft and Android cell phones, ARM chips are used in Apple’s iPod, iPhones and the iPad’s A4 processor.
“They [Apple] could stop ARM’s technology from ending up in everyone else’s computers and gadgets,” the Standard quoted one UK trader.
ARM was founded in 1990 as a joint venture among Apple, Acorn Computers and VSLI Technology.