UK chip designer Arm sees shares almost double

Arm, a leading UK-based chip designer, has seen its shares almost double in value in the past week. The company’s stock has surged following reports of a potential takeover bid by a major tech firm.

Arm’s innovative chip designs are used in a wide range of devices, from smartphones to smart home appliances. The company has long been considered a key player in the tech industry, with its technology powering devices across the globe.

The increase in Arm’s share price has sparked speculation among investors and industry analysts about the company’s future. Many are watching closely to see how the situation develops and what the potential takeover bid could mean for Arm and the wider tech sector.