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ARM, Texas Instruments Team On 3G Chips (11/02/99, 10:38 a.m. ET) By Reuters British microchip designer ARM Holdings said on Tuesday that it will collaborate with Texas Instruments on next-generation cellular wireless devices. ARM, whose market capitalization has soared to 3.4 billion pounds ($5.6 billion) since it was floated 19 months ago, said products would include smart phones, personal communicators, and wireless Internet-enabled products. ARM said the collaboration would aim to deliver the performance and low power consumption required to run real-time audio and video applications on wireless devices. ARM's share price closed at 17.97 pounds ($29.61) on Monday, a level that would see it enter the FTSE 100 stock index when the index is next revised in December. The stock ended 1998 at 3.20 pounds ($5.27). Copyright 1999 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall be not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Search Archives

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