Official announcements from the companies or major tech news outlets like TechCrunch, The Verge, or Reuters

Arm Holdings Aims for Over 50% of Windows PC Market in Five Years, Stock Up 2.5% Pre-Market

Jun 3, 2024, 11:42 AM

Arm Holdings aims to capture over 50% of the Windows PC market within five years, according to its CEO. This ambitious goal is supported by Microsoft and its hardware partners, who plan to introduce new PCs based on ARM technology. The move aligns with Microsoft's recent announcement of AI-capable PCs designed to compete with offerings from Google and Apple. Arm's CEO expressed confidence in achieving this market share, emphasizing the strategic partnership with Microsoft and the growing demand for ARM-based PCs. The news, reported by Reuters, has led to a 2.5% pre-market increase in ARM's stock price.