Arm: Demand for AI Chip Exceeds $2 Billion - CEO Grows More Confident in Revenue

Customer demand for Arm's new AGI CPU has already exceeded $2 billion for the fiscal years 2027 and 2028 – more than double what was initially expected. CEO Rene Haas now says he is even more confident than in July that he can secure enough production capacity to actually convert a significantly larger portion of this demand into revenue. In the long term, Arm aims for $15 billion in revenue from its new chip business in fiscal year 2031. Agentic AI is expected to massively increase CPU demand in data centers.   At Arm, the central...