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Archive for September 1st, 2023

Arm goes public; Nvidia record results; TSMC’s European joint venture

Friday, September 1st, 2023

Catching up on some of the news from the last thirty days or so, let’s start with the upcoming change of Synopsys’ top management: on January 1st 2024, Sassine Ghazi will replace Aart de Geus as Synopsys’ Chief Executive Officer. Ghazi assumed the role of Synopsys COO in August 2020 and was appointed to the role of president in November 2021. De Geus (69), founded Synopsys in 1986.

Arm to go public

As previously announced, Arm is going public. On August 20, the company announced that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission relating to its initial public offering on the Nasdaq Global Select Market under the symbol “ARM”.

Nvidia Q2 record results

Nvidia reported record results for the second quarter ended July 30, 2023: global revenue was $13.51 billion, up 88% from Q1 and up 101% from year ago; Data Center revenue was $10.32 billion, up 141% from Q1 and up 171% from year ago. Nvidia has also announced an expanded partnership with Google Cloud which will include the general availability of purpose-built Google Cloud A3 virtual machines powered by Nvidia H100 GPUs.

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