Arm looks to launch its own chip after landing Meta contract

Plan represents move away from SoftBank-owned group licensing its chip blueprints to firms such as Apple and Nvidia

The British semiconductor designer Arm is reportedly planning to launch its own chip this year, after landing Meta as one of its first customers.

The move represents a major overhaul of the SoftBank-owned group's business model of licensing its chip blueprints to the likes of Apple and Nvidia.