BUSINESS NEWS
Arm Aims for $28B Revenue, Prioritizes Edge Computing Amid Global Challenges
Arm, led by CEO Rene Haas, envisions a lucrative future with a projected $28 billion revenue by 2025, propelled by a 17% annual growth rate. The focus extends to dominating edge computing, leveraging Arm’s energy-efficient designs for smart devices in homes and offices.
While China presents both opportunities and risks, accounting for 25% of Arm’s revenue, navigating US restrictions on chip shipments to China is crucial. Haas acknowledges the delicate balance CEOs face in managing international relations and compliance with export controls.
Immediate challenges include adapting to shifts in the Chinese market and addressing talent shortages, particularly in the UK. Haas emphasizes the importance of facilitating the attraction of global talent to sustain Arm’s innovation.
Despite global complexities, Haas reaffirms Arm’s commitment to its roots in the UK, urging policymakers to streamline processes for attracting world-class talent and engineers to ensure the company’s continued success