Arm Holdings shares fell 9% after reporting first-quarter earnings. Revenue was $1.05 billion, slightly below the expected $1.06 billion. Second-quarter revenue is projected to be between $1.01 billion and $1.11 billion. Arm provides chip architecture for devices like Apple and Qualcomm. Samsung’s Galaxy Flip 7 uses Arm’s compute subsystem platform. CEO Rene Haas hinted at designing their own processors.

Read more at CNBC: Arm shares dip 8% on revenue miss