Brit chip design outfit sets sights on dominating AI market
Arm chief exec Rene Haas netted himself a cool $70.1 million last year, becoming a major beneficiary of the company's IPO in New York., remuneration for Haas included a salary of $1.35 million, and was supplemented by a whopping $69 million of bonuses and one-off amounts relating to Arm going public on the Nasdaq stock exchange., and has since seen the share price rise as Arm, and Haas in particular, talked up the potential profits that could be made from the burgeoning AI market.
At the Computex show in Taipei today, Haas reportedly told the audience that there would be 100 billion Arm devices ready for AI by the end of next year, as well as saying that the company aims to account for more than 50 percent of the Windows PC market in five years. "We depend on our commercial relationship with Arm Technology Co. Limited to access the PRC market. If that commercial relationship no longer existed or deteriorates, our ability to compete in the PRC market could be materially and adversely affected," the filing states.
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