09:24 AM EDT, 06/03/2024 (MT Newswires) -- Arm Holdings ( ARM ) aims to capture more than 50% of the Windows Personal Computer market within five years, Reuters reported Monday, citing the chip designer's chief executive officer, Rene Haas, as saying in an interview.

"Arm's market share in Windows - I think, truly, in the next five years, it could be better than 50%," the report quoted Haas as saying.

Microsoft (MSFT) is planning to launch a new set of PCs that will run on Arm-designed chips, according to the report.

Additionally, at the Computex forum in Taipei, Haas said Arm Holdings ( ARM ) anticipates having 100 billion Arm devices worldwide capable of supporting artificial intelligence by the end of next year, Reuters reported separately.

Shares of Arm were up 4% in recent Monday premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.

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