ARM has enjoyed a 16 per cent Q1 net profit jump to £7.73 million.

A year earlier it made £6.67 million, and the growth is down to selling new licences to existing customers.

Turnover leaped by 52 per cent to £32.5 million, from £21.4 million.

ARM's chip designs are used in 80 per cent of mobile phones. It makes 43 per cent of its revenues from licensing chip designs. Texas Instruments, Intel and STMicroelectronics are customers. ®