Apple's upcoming iPhone is set to leverage Arm's cutting-edge chip technology, particularly its advanced V9 design, significantly enhancing the device's artificial intelligence capabilities. The announcement, anticipated at the event scheduled for Monday, follows reports from the Financial Times.

The highly anticipated launch will take place during Apple's fall event on September 9 at its headquarters in Cupertino, California. During this event, the tech giant is expected to present a range of new iPhones alongside updates to other products and applications.

In a strategic move to amplify its chip technology, Apple signed a long-term partnership agreement with Arm in September of the previous year. This deal, extending beyond 2040, reinforces Arm's pivotal role in the smartphone ecosystem, particularly as its V9 chip accounts for 50 percent of the total smartphone revenue, according to reports from July.

Arm is an influential player in the tech industry, owning the intellectual property behind the computing architecture that powers most smartphones today. Its technology is not only licensed to Apple but also to a plethora of other manufacturers, establishing it as a cornerstone in mobile computing.

Historically, Apple and Arm share a collaborative relationship that dates back to 1990 when Apple was instrumental in the founding of the company. This partnership became particularly notable with the release of Apple's Newton handheld computer in 1993, which utilized an Arm-based processor.

Despite the commercial failure of the Newton, Arm emerged as the industry leader in mobile phone chips, primarily due to its low power consumption. This feature has become a crucial selling point, allowing mobile devices to enjoy longer battery life without compromising performance.

With the introduction of the new iPhone and its reliance on Arm's innovative chip technology, Apple is poised to further strengthen its position in the consumer electronics market. The integration of enhanced AI capabilities is expected to set a new standard for smartphones, catering to the growing demand for intelligent and responsive devices.