Arm is selling its own chips, not just licensing IP. It’s a big change compared to Arm’s history, but not surprising given how computing is evolving.
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The strongest version of this narrative highlights Arm's strategic pivot as a response to the rapidly changing computing landscape, where vertical integration and direct-to-market sales are becoming more critical. Stratechery's coverage positions this as a logical evolution, crediting Arm for adapting to market pressures while maintaining its core licensing business. The platform itself serves as a case study in how niche analysis can monetize through direct subscriptions, offering a mix of excl...