ARM bulks up staff and compensation after SoftBank acquisition

London

ARM Holdings Plc posted a quarterly loss due to an increase in headcount and compensation, and a one-time acquisition charge, as it continues its transformation under the ownership of SoftBank Group Corp.

The UK company, whose technology is the most widely used in the chip industry, posted a loss of 6.9 billion yen (S$84.9 million) for the three months to June 30, according to SoftBank's results on Monday.