Squawk on the Street SOTS 2nd Hour: Trump’s U.K. Deal, AI Leaders In The Hot Seat, and Live: ARM CEO
May 8, 2025
Former President Donald Trump discusses a historic trade agreement with the U.K., emphasizing its agricultural and manufacturing benefits. Rene Haas, CEO of Arm Holdings, dives into how AI is reshaping their business and the semiconductor landscape. Howard Ludnick, Secretary of Commerce, shares insights on the urgency of U.S. trade talks amid global tensions. The conversation also addresses the need for improved infrastructure and regulations in the AI sector, highlighting the balance between innovation and societal concerns.
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Transcript
Significance of U.S.-U.K. Trade Deal
- The U.S.-U.K. trade announcement is significant but far from a full free trade agreement.
- Key details like the 10% baseline tariff and included sectors remain points of focus.
AI Infrastructure is Destiny
- AI infrastructure is critical to maintain U.S. technological leadership.
- Executives emphasize chips, energy production, and access to training data as priorities.
AI Drives Arm's Strong Demand
- AI workloads are driving strong demand for Arm's technology across many devices.
- Compute needs are accelerating with no demand decline seen so far.