Chip design company's IPO this year, according to Arm CEO, is "committed."

Rene Haas, the CEO of Arm, stated on Tuesday that the semiconductor design business is "dedicated" to completing an IPO this year.

In an interview with Reuters, Haas stated, "The plans are actually very well established and underway right now. We're committed to making it happen this year and are doing everything we can to make it happen.

Separately, on Tuesday, the parent company of Arm, the tech conglomerate SoftBank SFTBY, announced a 6% increase in third-quarter total revenue over the same period last year, in part because of a 28% increase in Arm sales.

Devices all throughout the world, including Apple AAPL products, utilise Arm's semiconductor designs. Many other companies, including Qualcomm QCOM, AMD AMD, Nvidia NVDA, and AMD, also licence Arm's intellectual property.

Rishi Sunak, the prime minister of Britain, reportedly spoke with SoftBank SFTBY about a London-based initial public offering for Arm last month.

Arm abandoned its ambitions to list in London in July as a result of the political climate in the U.K. government at the time. According to Seeking Alpha, the collapse in negotiations with SoftBank SFTBY was caused by the resignations of a U.K. investment minister and a digital minister who had held key positions during negotiations.

After initially declaring it would exclusively list in New York, SoftBank SFTBY explored putting some of its Arm investment on the London Stock Exchange and in New York.

Arm was bought by the Japanese firm SoftBank SFTBY in 2016 for $32 billion.

Masayoshi Son, the chief executive of SoftBank SFTBY, suggested a "complete, long-term relationship" between Samsung and the British semiconductor intellectual property company in late October.