Arm stock pops 6% as CEO Haas issues $15 billion revenue expectation for new chip

TL;DR

Arm to Sell Its Own Chips, Eyeing Sales Goal of $15 Billion Arm Holdings, in Break From Past, Will Sell Its Own Computer Chips Arm, one of the world’s leading chip design firms, announced Tuesday that it is producing its own semiconductors. The move is a departure from its long-standing model of licensing intellectual property to companies that manufacture and sell chips themselves. Speaking to a live audience in San Francisco, Arm CEO Rene Haas made his pitch for how the new Arm CPU could benefit the tech industry and why this is the right time for the company to step outside of its lane and go head-to-head with other chipmakers.