Arm Holdings has locked in Apple (AAPL) as a customer beyond 2040 via a long-term agreement, the British chip design company revealed in a regulatory filing related to its initial public offering (IPO).

Apple's Relationship With Arm

Apple has been an Arm customer for decades, from chips for the Mac in the 80s (when ARM was called Acorn), to the failed handled computer Newton in the 90s, and now to chips that improve battery life for its devices. It was even an investor in the company when it broke away from Acorn to become Arm.

Arm designs chips that power about 99% of the world's smartphones and last year the company shipped about 30 billion chips to 260 companies across the globe. Think of it as the technology that powers your💜 Apple devices🍌 such as iPads, iPhones and Macs.

And that makes Arm a critical investment for many technology companies and justifies its 澳洲幸运5官方开奖结果体彩网:$52 billion valuation. Companies such as Advanced Micro Devices (AMD), Apple (AAPL), Google (GOOG) (GOOGL), Intel (INTC), Nvidia (NVDA), TSMC (TSM), and Samsung are vying to buy shares in the IPO that could total up to $735 million, Arm said.