Arm CEO Says He's More Confident New AI Chip Can Reach $2 Billion Revenue Goal

Arm Holdings CEO Rene Haas said Wednesday that he is increasingly confident the company can secure enough supply to meet $2 billion in customer demand for its new artificial intelligence chip, according to CNBC.

Haas made the remarks in an interview, telling CNBC that the company's outlook on meeting the loftier revenue target has improved.

The comments come as Arm, which designs chip architecture widely used across the semiconductor industry, seeks to expand its role in the fast-growing market for AI-related hardware.

Specific details about the new chip, the timeline for reaching the $2 billion goal, and the customers involved were not disclosed in the available report.

CNBC did not provide additional context on how the $2 billion figure compares to previous company projections or guidance.