Arm Holdings expects to reach $15 billion revenue target by end of decade
The company may hit its sales goal earlier than planned due to stronger demand for chips used in artificial intelligence applications. A company executive cited data center and AI service growth as key factors.
The Japan TimesArm Holdings Plc may achieve its target of $15 billion in sales of its own chips earlier than anticipated, reflecting stronger-than-projected demand from the AI boom. A company executive told Bloomberg Television the firm is very confident of attaining that goal by the previously stated end of the decade.
The same executive said there are indications the SoftBank Group Corp. company may reach that milestone sooner. The comments came during the Arm Everywhere event in San Francisco. Overwhelming demand from an industry racing to build data centers and artificial intelligence services was cited as a contributing factor.
The company previously set the $15 billion target for the end of the decade. Recent demand trends have prompted internal assessments that the timeline could be accelerated. No specific revised date was provided in the remarks.
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