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Arm Ready to Sacrifice Profits for Long-Term IoT Growth
Nitin Dahad, EETimes
6/14/2018 00:01 AM EDT
LONDON — Arm is better positioned as a privately held company to take a strategic approach for long-term growth as it addresses the IoT market, according to Rajeev Misra, CEO of SoftBank’s $100B Vision Fund and a director of the SoftBank Group.
“IoT requires an entire stack, not just the chip, and in order to make these investments, you need to sacrifice profits over the next three to five years,” Misra said here this week at CogX, one of the biggest artificial intelligence conferences in the U.K. “It takes courage to take a long-term view when shareholders look for nearly 10% growth per year.”
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