Sept 5 Reuters Apple has signed a new deal with Arm for chip technology that extends beyond 2040, according to Arm39;s initial public offering documents filed on Tuesday.

Arm unveiled pricing on Tuesday for what it hopes will be a 52 billion initial public offering, which would be the largest such deal in the U.S. this year. Arm owner SoftBank Group plans to offer 95.5 million American depository shares of the United Kingdombased company for 47 to 51 apiece, Arm said in a filing.

Arm owns the intellectual property behind the computing architecture for most of the world39;s smartphones, which it licenses to Apple and many others. Apple uses Arm39;s technology in the processes of designing its own custom chips for its iPhones, iPads and Macs.

The two companies have a long history Apple was one of the initial companies that partnered to found the firm in 1990, before the release of its Newton handheld computer in 1993, which used an Armbased processor chip. The Newton flopped, but Arm went on to become dominant in mobile phone chips because of its low power consumption, which helps batteries last longer.

Apple was among a number of large technology companies that that on Tuesday invested 735 million in Arm39;s initial public offering. Reuters last week was the first to confirm that Apple was among the strategic investors who agreed to buy shares.

The deal disclosed on Tuesday was not mentioned in Arm39;s previous IPO filing documents made public on Aug. 21, implying…