What are some of the challenges and opportunities facing the processor chip industry in general and ARM in

particular?

$2.$ Some chip industry observers and financial analysts believe that because of its licensing business model, ARM

missed an opportunity to capture billions of dol$-$ lars in sales of microprocessor chips it could have manufactured.

Compare sales, profits, and stock prices over a three$-$year period for ARM to two of its customers who do have

fab plants and manufacture their own chips such as Samsung Electronics and Intel or AMD, a competitor. Do you

believe that the ARM licensing rather than manufacturing business model has hurt the firm? Why or why not?

$3.$ Do research to learn more about how China came to be the lead assembler of the world$$s smartphones and

computers. What are some of the pros and cons of outsourcing this work to China?