The companyclaimsthat its technology is powering 99% of premium smartphones on the market.
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Arm will bear the initial development costs, with SoftBank also contributing.
The total expense could reportedly reach hundreds of billions of yen.
SoftBank aims to tap the AI chip market, which is expected to top$200bnby 2030.
One of the themes of this years TNW Conference is Ren-AI-ssance: The AI-Powered Rebirth.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
