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  1. Technology
February 11, 1999


By CBR Staff Writer

VLSI Technology Inc, the San Jose, California chipmaker, has just raised around $35.5m by selling more than half its stake in ARM Holdings, the UK-based RISC chip designer. VLSI took advantage of the strong share price of ARM and sold 1.1 million shares – leaving it with a holding of 901,992. A long-standing investor in ARM, VLSI sold a fifth of its original 2.5 million shareholding at the time of the companyÆs IPO in 1997. Earlier this month Apple Computer Inc raised around $65m when it sold 2 million shares in ARM.

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