According to IPO documents, Apple has signed a new chip technology agreement with SoftBank-owned Arm

Apple has inked a new agreement with Arm for chip technology that "extends beyond 2040," according to Arm's initial public offering paperwork released on Tuesday. On Tuesday, Arm disclosed pricing for what it expects to be a $52 billion (approximately Rs. 4,31,951 crore) initial public offering, the highest such sale in the United States this year. SoftBank Group, which owns Arm, wants to issue 95.5 million American depository shares of the United Kingdom-based firm for $47 (approximately Rs. 3,900) to $51 (about Rs. 4,235) per share, according to a filing.

Arm holds the intellectual property behind majority of the world's smartphone processing architecture, which it licenses to Apple and others. Apple used Arm's technology in the creation of its own bespoke semiconductors for iPhones, iPads, and Macs.

Apple was one of the early firms who joined to form the corporation in 1990, prior to the launching of their "Newton" portable computer in 1993, which employed an Arm-based processing chip. The Newton was a flop, but Arm went on to dominate mobile phone processors due to its low power consumption, which allows batteries to last longer.

Apple was one of many significant technology corporations that spent $735 million (approximately Rs. 6,105 crore) in Arm's initial public offering on Tuesday. Reuters was the first to report last week that Apple was among the strategic investors who agreed to acquire stock.

The Tuesday agreement was not included in Arm's earlier IPO registration paperwork, which were made public on August 21, meaning that it was inked between then and September 5.

Arm declined to comment beyond its papers, and Apple did not respond to a request for comment immediately.