** U.S.-listed shares of Arm Holdings up 3.1% at $120.98 premarket after report Apple will use Arm's chip tech for AI
** AAPL's new iPhone with its A18 chip has been developed using SoftBank -owned Arm’s newest V9 chip design, the Financial Times reported on Sat
** AAPL on Mon set to host "It's Glowtime" event at its headquarters at 1:00 p.m. ET, where it will likely unveil a series of new iPhones and updates to other devices and apps
** Arm, which signed a deal with AAPL last year that "extends beyond 2040", said in Jul its V9 chip accounts for 50% of smartphone rev
** U.S.-listed shares of Arm on Fri slid 4.7% amid broader equities selloff after payrolls report sparked investor concerns about the economy
** Through Fri, shares up 56% YTD
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
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