Foreign.
From the Financial Times.
Today is Friday, February 14, and this is your FT news briefing.
Arm is causing a stir with a new chip project,
and Shein might have to pump the brakes on going public.
Plus, the online brokerage firm Robinhood finally has a feather in its cap.
So from what looked like a fintech startup in 2021, it's different now.
It looks like it's grown up.
I'm Marcus Filipino, and here's the news you need to start your day.
ARM will launch its own chip this year after securing Meta as one of its first customers.
The move by the chip designer could upend the balance of a $700 billion industry.
I'm joined now by Tim Bradshaw, our global tech correspondent who helped break this story.
Hi, Tim.
Hey, Mark.
All right, Tim.
So can you remind us exactly what ARM does now
and how the move into chip manufacturing will essentially change its business model?
So, ARM is in many ways the most ubiquitous tech company that you may never have really heard of,
because they operate behind the scenes.
They make the blueprints,