Stock in Cambridge-based semiconductor manufacturer Arm Holdings rose 4% on the back of Apple's latest iPhone releases which were unveiled on Tuesday.
As with previous iPhones, Arm’s processors will be used in the new iPhone 5s.
According to City AM, Arm has outpaced key rival Intel and the rest of the semiconductor market in recent years with growth driven by the use of its processors in smartphones and mobile devices.
The company also licenses its processor designs and receives a royalty on every chip shipped in its customers’ products. Last year there were over 8bn Arm-based devices shipped worldwide, and the company made pre-tax profits of £276.5m.
