Arm just confirmed the rumors: It’s producing its own chip for the first time. CEO Rene Haas explains why this won’t alienate the many chipmakers who license the company’s designs.

Arm is making its first CPU, pivoting from only licensing its architecture to giants like Apple, Nvidia, Amazon and Google. CNBC got an exclusive first look.

Arm unveiled its first in-house chip on Tuesday at an event in San Francisco, with Meta as the initial customer.

Arm just confirmed the rumors: It’s producing its own chip for the first time. CEO Rene Haas explains why this won’t alienate the many chipmakers who license the company’s designs.

Arm shares rose 13% in premarket trading following the company's announcement that it would jump into the CPU fray.