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SoftBank Group subsidiary Arm has announced plans to make artificial intelligence chips, with plans to launch its first products next year.According to Nikkei Asia, Arm, which I based in the U.K. will be setting up an AI chip division as part of its CEO, Masayoshi Son’s, 64 billion plan to transform the company into an AI superpower. The company hopes to have a prototype ready in the spring of next year and hopes to start shipping the chip by the fall.SoftBank is reportedly already negotiating with Taiwan Semiconductor Manufacturing Corp. to potentially manufacturer the chip.The market for AI chips is expected to grow significantly in the coming years.Beyond the creation of the AI chip, SoftBank also has plans to bring together AI with semiconductor and robotics technology. For those to work, AI chips that can handle large volumes of data will be necessary.
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The AI market is estimated to be $30 billion this year but is anticipated to grow to over $100 billion in 2029 and over $200 billion in 2032.
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