Just ahead of major chipmaker Arm’s anticipated initial public offering, technology giant Apple has reportedly signed a major deal with the British company.
According to a filing with the U.S. Securities and Exchange Commission, the deal between the two is set to last through 2040 and “beyond.”
Apple, which uses Arm’s microchips throughout its iPhones in Macs, will now retain access to the technology regardless of the outcome of the IPO.
Arm is expected to reach a valuation up to $52 billion once its IPO launches in the coming weeks.
