AI Boom Driving $100 Bln Chip Opportunity, Arm CEO Says

Chip company Arm is positioning itself for a major shift beyond smartphones, betting big on the rapid growth of cloud computing and data centers. CEO Rene Haas says the company expects this segment to dominate its business in the years ahead. Haas speaks to Bloomberg’s Tom Mackenzie about the lucrative opportunity. This interview was recorded on March 23 for “Bloomberg Tech: Europe.”

New EVs

electric vehicles

Even though Tesla has exhibited supremacy in electric vehicle development, the EV revolution got off to a bad start due to a few isolated, but well publicized, reports of car and cell phone battery fires. Hurting worse was the lack of conformity for charging stations/plugs. China and European car makers are expanding their increasingly better EV models while Ford, GM and Honda, being unable to catch-up with the technology, scaled back their battery-tech programs after Trump relaxed federal mandates.