Alex Heath

I would say few companies face as many geopolitical policy questions as you guys, just given all of your customers. How have you or would you advise the incoming administration on your business?

I would say few companies face as many geopolitical policy questions as you guys, just given all of your customers. How have you or would you advise the incoming administration on your business?

What's your China strategy right now? I was reading that you're maybe working kind of to directly offer your IP licenses in China. You have a subsidiary there as well. Has your strategy in China shifted at all this year?

What's your China strategy right now? I was reading that you're maybe working kind of to directly offer your IP licenses in China. You have a subsidiary there as well. Has your strategy in China shifted at all this year?

What's your China strategy right now? I was reading that you're maybe working kind of to directly offer your IP licenses in China. You have a subsidiary there as well. Has your strategy in China shifted at all this year?

Does President-elect Trump's rhetoric on China and tariffs specifically worry you at all as it relates to ARM?

Does President-elect Trump's rhetoric on China and tariffs specifically worry you at all as it relates to ARM?

Does President-elect Trump's rhetoric on China and tariffs specifically worry you at all as it relates to ARM?

What do you think about the efforts by the Biden administration with the CHIPS Act to bring more domestic production here? And do you think we need a Manhattan project for AI like OpenAI has been pitching?

What do you think about the efforts by the Biden administration with the CHIPS Act to bring more domestic production here? And do you think we need a Manhattan project for AI like OpenAI has been pitching?

What do you think about the efforts by the Biden administration with the CHIPS Act to bring more domestic production here? And do you think we need a Manhattan project for AI like OpenAI has been pitching?

So even if we have the capital potentially to invest more in domestic production, do we have the talent? That's a question that I think about. And I've heard you talk about, you know, you spend a lot of time trying to find talent and it's scarce. If we even spend all this money, do we have the people that we need in this country to actually win and make progress?

So even if we have the capital potentially to invest more in domestic production, do we have the talent? That's a question that I think about. And I've heard you talk about, you know, you spend a lot of time trying to find talent and it's scarce. If we even spend all this money, do we have the people that we need in this country to actually win and make progress?

So even if we have the capital potentially to invest more in domestic production, do we have the talent? That's a question that I think about. And I've heard you talk about, you know, you spend a lot of time trying to find talent and it's scarce. If we even spend all this money, do we have the people that we need in this country to actually win and make progress?

We have to take a quick break. We'll be right back.

We have to take a quick break. We'll be right back.

We have to take a quick break. We'll be right back.

Turning to Arm's business, you have a lot of customers, all of the big tech companies. So you're exposed to AI in a lot of ways. You don't really break out as far as I know exactly how AI contributes to the business. But can you give us a sense of where the growth is that you're seeing in AI and for Arm?

Turning to Arm's business, you have a lot of customers, all of the big tech companies. So you're exposed to AI in a lot of ways. You don't really break out as far as I know exactly how AI contributes to the business. But can you give us a sense of where the growth is that you're seeing in AI and for Arm?

Turning to Arm's business, you have a lot of customers, all of the big tech companies. So you're exposed to AI in a lot of ways. You don't really break out as far as I know exactly how AI contributes to the business. But can you give us a sense of where the growth is that you're seeing in AI and for Arm?