Rene Haas, CEO of semiconductor company Arm, told CNBC's Jim Cramer on Wednesday that the company has moved beyond its beginnings, where it was primarily known for designing technology used in smartphones.
Arm designs graphics chips and licenses them to companies, collecting royalties to earn much of its revenue.
Haas said 70% of the world's population touches Arm in some way, with its technology present in many widely-used devices including electric cars, digital TVs and smart locks.
On Wednesday, the chip designer released its first quarterly report since its IPO, reporting revenue that beat Wall Street's expectations.
"The experience you get on these PCs — great performance, low battery life — again, that's what we're really good at," he said.
Persons:
Rene Haas, CNBC's Jim Cramer, Haas, —
Organizations:
Apple, Google, Amazon Web Services