On September 8, ARM Holdings rose 3.05% in pre-market trading, trading at approximately $259.14 per share, with turnover of $13.88 million.
On the news front, Samsung Electronics and Arm officially launched a joint development project for next-generation edge AI system-on-chip (AI-SoC). Arm approved a one-time engineering expense at the end of August dedicated to the development effort, providing core technologies including AI accelerator architecture and register transfer level (RTL) design. Samsung Electronics' System LSI division will complete SoC design based on Arm's AI architecture, while its foundry division will leverage advanced 2-nanometer process technology for mass production. The collaboration adopts a model where Arm supplies core IP and Samsung handles integration and delivery of customized chips to end customers. This partnership is expected to further expand Arm's commercial footprint in the edge AI market.
Within the Semiconductors sector, stocks broadly advanced. Among individual stocks, Intel up 4.68%, Advanced Micro Devices up 1.26%, Broadcom up 0.91%, Micron Technology up 0.48%, NVIDIA up 0.47%.
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