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BUZZ-ARM: when the chips are down

** ARM under pressure, with traders citing poor earnings release from one of co's major customers, Taiwanese chip designer MediaTek

** Stock, down 2.2 pct; last wk hit highest levels since Jan 2014

** ARM's key customers Qualcomm (Hanover: QCI.HA - news) & Mediatek are being hit by slowing pace of smartphone growth & rising pricing pressure

** Also, ARM has bought Dutch firm Offspark (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)