Britain's ARM sees 50 pct rise in value of smartphone-related chips by 2018

TAIPEI, March 20 Thu Mar 20, 2014 1:00am EDT

TAIPEI, March 20 (Reuters) - British chip designer ARM Holdings PLC expects the value of ARM-based chips in smartphones and mobile computing application processors to reach $20 billion by 2018 from $13 billion last year.

The company, whose chip-design technology is found in nearly every smartphone, also expects the first ARM-based server chips to be shipped this year, Vice-President of Investor Relations Ian Thornton said at a news conference in Taipei on Thursday. (Reporting by Michael Gold; Editing by Christopher Cushing)

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