In this episode of Acquired, host interviews Rene Haas, the CEO of ARM Holdings. They delve into ARM's fascinating history and its stronghold in the CPU market, which began with a focus on low-power applications. The conversation highlights ARM's innovative licensing model that has led to its widespread use in everything from smartphones to cars, showcasing its ability to adapt to changing computing demands. They also discuss the transition from CISC to RISC architectures, the influence of the IBM PC on industry standards, and how ARM has evolved to offer complete subsystems for optimized chip design. The interview wraps up with an optimistic view of ARM's future, fueled by the growing need for computing power in AI and its unique market position.