But more chips based on its technology are shipped every year than those from any single semiconductor company, including better known brands such as Intel, AMD and Nvidia.
Plus, he has to deal with a renegade Chinese executive, supply chain chaos, geopolitical tensions from Ukraine to Taiwan, and increased competition from rivals large and small.įew consumers know Arm by name, and it isn’t a huge company: It had revenues of $2.7 billion last year. (Softbank, the conglomerate, lost more than $16 billion.)įollowing years of expansion, Haas has just announced a painful round of layoffs, in part to streamline Arm’s cost structure ahead of that IPO. Indeed, the pressure on Softbank to achieve a high valuation is more intense than ever: Thanks to the recent rout in tech stocks, Softbank’s Vision Fund, which own some of Arm’s shares, posted a stunning $27 billion loss for the fiscal year through March. But the market for tech IPOs is suddenly softer than it’s been in years-even as Arm’s current owner, Japanese tech conglomerate Softbank, run by billionaire CEO Masayoshi Son, wants to take Arm public at a price-to-earnings valuation far higher than a semiconductor company has ever commanded. The pioneering chip-design company faces challenges that would keep most executives tossing and turning.Īmong Haas’s top priorities is preparing Arm for an IPO, following the collapse of the company’s much-hyped sale to Nvidia, in what would have been the biggest acquisition in the semiconductor industry’s history. Because, if Haas were a worrier, he might not be getting much sleep.
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