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ARM shares rise on Google deal report

(Reuters) - British chip designer ARM Holdings Plc's shares rose as much as 5.5 percent after a media report that Google Inc was considering using ARM's chips to design its own server processors. By using its own designs, Google could better manage the interactions between hardware and software, Bloomberg reported, citing a source with direct knowledge of the matter. ARM, whose chips are heavily used in smartphones and tablets, declined to comment on the report. Google was not immediately available for comment.

UPDATE 2-ARM shares at 12-yr high as growth passes expectations

* Q4 pretax profit 80 mln pounds vs 75.6 mln forecast * 2013 revenue will be at least in line with expectations * Royalties up 19 percent to $136.8 million * Licensing revenue up 28 percent to $100.6 million * Shares rise to 12-year high (Adds further analyst reaction, detail) By Paul Sandle
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