Cambridge chip firm Arm has invested in neighbouring computing firm Raspberry Pi and is expanding their existing partnership.
The move by Arm now means it holds a minority stake in the device manufacturer. The companies did not disclose the terms of the deal.
Paul Williamson, SVP and GM of IoT line of business at Arm, said: “Arm and Raspberry Pi share a vision to make computing accessible for all, by lowering barriers to innovation so that anyone, anywhere can learn, experience and create new IoT solutions.”
“This strategic investment is further proof of our continued commitment to the developer community, and to our partnership with Raspberry Pi.”
Founded in 2008, Raspberry Pi provides computing equipment at a low cost with the goal of expanding access to coding and IT projects. Its equipment is used in schools, museums, government centres, hobbyists and more.
More recently, Raspberry Pi technology is used in commercial and industrial settings.
Raspberry Pi has been in a partnership with Arm for more than a decade.
“Arm technology has always been central to the platforms we create, and this investment is an important milestone in our longstanding partnership,” said Eben Upton, CEO of Raspberry Pi.
Sony became a minority shareholder through its semiconductor branch in the small computer maker in April this year.
Last month, Upton teased that it is considering a London IPO.