LONDON -- ARM Holdings
The growth owed to increased adoption of ARM processor technology, with the signing of 23 new processor licenses, greater shipments of ARM processor-based chips, 2 billion chips supplied in the second quarter, and a 14% year-on-year boost in processor royalties.
ARM CEO Warren East said:
ARM's royalty revenues continued to outperform the overall semiconductor industry as our customers gained market share within existing markets and launched products which are taking ARM technology into new markets. This quarter we have seen multiple market leaders announce exciting new products including computers and servers from Dell and Microsoft, and embedded applications from Freescale and Toshiba. In addition, ARM and TSMC announced a partnership to optimise next generation ARM processors and physical IP and TSMC's FinFET process technology.
All of these new products are the result of technology engagements over many years, and ARM's long-term commitment to invest in the development of innovative technology.
As ARM enters the second half of 2012 with a record order backlog, perhaps this is the start of a recovery in its share price, which remains more than 20% below its 52-week high of 647.5 pence last November. Whether or not that recovery can continue remains to be seen.
Solid companies that are currently trading well below recent highs can provide excellent investment opportunities. Indeed, legendary stock-picker Warren Buffett recently bought a stake in a major FTSE name that has recently fallen out of favor. You can discover which "falling knife" he bought -- and the price he paid -- in "The One UK Share That Warren Buffett Loves." Download this free Fool report while it's still available.
Are you looking to profit from this uncertain economy? "10 Steps To Making A Million In The Market" is the very latest Motley Fool guide to help Britain invest. Better. We urge you to read the report today -- it's free.
Further Motley Fool investment opportunities:
Jon doesn't own shares in ARM Holdings. The Motley Fool owns shares of Microsoft. Motley Fool newsletter services have recommended buying shares of Microsoft. Motley Fool newsletter services have recommended creating a bull call spread position in Microsoft. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
More from The Motley Fool
Will 2018 Be Canadian Solar Inc.'s Best Year Yet?
Canadian Solar's future is bright, but it may not be public long enough to show its true potential.
What Would Happen if Your Car Could Read Your Mind?
If it’s up to Nissan, we may soon find out.
How Axon Enterprise Can Become a Home Run Stock in 2018
If the taser and body camera company's management can get its finances in sync with its growth, this laggard could rapidly become a winning stock for investors.