ARM Unveils New Chip Design Targeted at Self-Driving Cars, AI

ARM, the U.K.-based semiconductor design firm, introduced a new chip targeted at markets ranging from self-driving cars to artificial intelligence. The new design, DynamIQ, is an update to ARM's existing Cortex-A offering. The latter made up almost 20 percent of all ARM-based chips in the first three quarters of 2016, according to the company's last available regulatory filing. The new design may help ARM, bought for $32 billion last year by SoftBank Group Corp., compete with chips engineered for neural networks, a promising type of artificial intelligence software. Rivals like Intel Corp. and International Business Machines Corp. have recently unveiled chips designed for these applications.