ARM doesn't manufacture chips, they license ARM Processor 'designs'.

ARM is more of a household name for their use in mobile phones but that is just the tip of the iceberg.

I think you underestimate how many ARM chips you have in a single car or delivery truck.

Add to that:

- farming machinery

- construction machinery

- factory line automation

- elevators, escalators

- EV chargers

- fridges, washing machines, ovens

- medical devices such as drug-infusion pumps, ventilators, surgical machinery, etc.

- Auxiliary modules in aeroplanes and shipping containers.

- Infrastructure for Road, Rail, Power Grid with ARM processors running headless embedded systems

- Anything the size of a pebble with bluetooth connectivity uses nordic's nRF chip (which is yet again an ARM chip)

ARM processors are hiding in plain sight in the world all around you.

I understand the point you make, from a business standpoint, on how Tiktok might scale. The thing that is bizarre for me and I agree with the parent's sentiment, is how disconnected the valuation is from the real-world impact and objective _usefulness_ of ARM versus Tiktok.

Edit: bullet points