ALA

Summary * Arm's PPAC improvements over the past decade have been lackluster compared to competitors like Apple, raising concerns about its future success and competitiveness. * By pushing the new bundle to customers without great PPAC improvements, Arm risks losing significant royalties in its core mobile market. * Server CPU is potentially a promising market but the risk from Qualcomm's Nuvia could change the competitive dynamics. * RISC-V is a risk to Arm, but mostly in the embedded syste