Abbey also discussed the company's recent IPO, stating that it would elevate Arm's position as a tech employer and attract more talent. However, he stressed that the IPO is just a moment in time and doesn't change the company's investment trajectory. Arm plans to continue investing in power efficiency, performance, and ecosystem development, with a particular focus on AI and software development.
Key takeaways:
- Arm EVP and Chief Commercial Officer, Will Abbey, believes that the growth of AI is synonymous with the growth of Arm. He sees AI as the future of the company, with AI running on Arm and becoming increasingly pervasive.
- Abbey highlighted the importance of a software ecosystem around Arm's chips as a differentiator between Arm and its competitors. The company has invested heavily in this area, with 10 million engineering hours spent on creating base software and tools for chips with its Armv8 processors, and 30 million hours for the software tooling around its Armv9 chips.
- Abbey believes that the company's IPO will elevate Arm to its rightful position as a tech employer, creating a bigger window for engineers to join Arm. He also noted that the company is focusing more on software and plans to continue investing in its 15 million-strong software developer ecosystem.
- Despite the significance of the IPO, Abbey maintains that it doesn't change Arm's trajectory from an investment perspective. The company plans to continue investing in power efficiency, ultimate performance, and an ecosystem.