ARMH Arm Holdings Plc ADS Each Representing 3 Ordinary Shares (MM)

By Ian Walker

LONDON--Chip maker ARM Holdings PLC (ARM.LN) said Tuesday it expects investments in the business to boost revenue in 2016 by $40 million, rising to $200 million in 2020.

In a statement ahead of a presentation to analysts and investors, ARM said it will continue investing in future technologies for smart mobile devices and increase investment in technologies for networking infrastructure and servers. It is also investing in complementary technologies that are expected to generate new revenue streams from emerging opportunities.

These investments are expected to result in 40 million pounds ($61.4 million) of expenses for 2017, mainly relating to hiring more engineers and technical marketing staff.

"Current trading and the expected normalised operating expenses for the quarter are consistent with the outlook commentary included in our Q2 earnings announcement on 22 July 2015," the company said.

Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

(END) Dow Jones Newswires

September 15, 2015 02:36 ET (06:36 GMT)

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