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business22h ago
Arm boss in line for billion-dollar payday if chipmaker hits targets
- Arm unveils a value-creation plan for Rene Haas that could exceed $1 billion in total pay by 2031 if targets are hit.
- The plan ties pay to market-cap milestones, including $1 trillion by 2029 and £2 trillion by March 2031.
- The potential payout includes 425,000 shares plus an $800 million maximum bonus.
- Arm seeks to align Haas’s pay with US standards amid its Nasdaq listing and growth pivot.
- Arm plans to begin manufacturing its own chips, expanding beyond licensing its designs.
- Rene Haas is California-based and named CEO of SoftBank’s international business alongside Arm’s leadership.
- Arm’s market value has surged since SoftBank floated it on Nasdaq in 2023.
- Shareholders will vote on the updated remuneration policy at Arm’s annual meeting in September.
- Arm’s leadership aims to attract top talent amid competition in the global tech industry.
- Arm’s expansion into AI data center chips is seen as driving potential fivefold revenue growth.
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