UK chip giant ARM is going to develop GPUs in Israel

Good news for the embattled country! Competition is good, more competition is better!

"... ARM, which is owned by Softbank, was one of last year’s most successful tech IPOs on Wall Street, when it was floated at a valuation of $51 billion in September 2023. It is currently trading at a market cap of $123 billion and in 2024 the stock has risen almost 70%. ..."

UK chip giant ARM developing GPU in Israel - Globes "ARM is developing a graphics processor unit at its Ra’anana development center that will compete with Nvidia and Intel ..."