The chief executive of Arm Holdings Plc told potential investors in its roughly $5 billion initial public offering that cloud computing expansion and royalty revenue represented significant growth areas for the chip designer. Rene Haas is trying to position the British company for more than mobile phones, which have accounted for most of the company’s revenue in recent years. But a tepid global economy and weaker mobile demand have dampened sales. He also faces a push by some customers to move away from Arm’s industry-standard microprocessor designs in favor of their own. In a gathering of more than 100 investors … Continue reading Arm Sees Cloud Computing as Major Growth Driver in IPO