Arm’s future looks bright. Last year it became the UK’s first $100bn tech company and now has a market cap of around $150bn, while turnover is on course to hit around $4bn by the end of the current financial year in April.

The Cambridge-based chip designer, whose architecture can be found in almost all the world’s smartphones, will also be in no short supply of future business. It is making progress on developing semiconductor architecture for use in data centres, opening a potentially huge market amid massive demand for compute by AI businesses.

In an interview with UKTN, Richard Grisenthwaite, the firm’s chief architect and de facto CTO said that owing to this demand, he could “definitely see [Arm] going way above our current valuation.”…