Arm chief Rene Haas said he was "confident" the company would be able to secure additional supply of its new CPUs.
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Arm shares rose 13% in premarket trading following the company's announcement that it would jump into the CPU fray.
This central processing unit renaissance was confirmed when Intel reported earnings two weeks ago. AMD and now Arm told similar…
Shares of Arm Holdings jumped last month after the company unveiled its first new in-house chip.
Arm unveiled its first in-house chip on Tuesday at an event in San Francisco, with Meta as the initial customer.
Arm CEO Rene Haas indicated the company plans to invest in its own chip development.
Intel's quarter is a sign for what's to come in CPU demand
