Arm on Wednesday said demand for its new AI chip would drive $2bn in sales in 2027 and 2028, the first sign of the pay-off from a shift into selling its own chips as it reported earnings that disappointed investors.
The SoftBank-backed UK chip designer reported revenue of $1.5bn in the quarter to the end of March, roughly in line with Wall Street estimates. It said it expected $1.26bn for the current quarter, slightly above the $1.2bn expected by analysts.
Chief executive Rene Haas said demand for Arm’s first data centre chip had “exceeded expectations, reinforcing Arm as the compute platform for the AI era”.
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