Probably more than 8% by value and with the hyperscalers looking at Arm that's a decent part of their business at risk - and that's ignoring what Nvidia, Qualco

Probably more than 8% by value and with the hyperscalers looking at Arm that's a decent part of their business at risk - and that's ignoring what Nvidia, Qualcomm etc might do in the future. Agreed that intertia is in their favour but it's not a great position to be in - it gives them a breathing space but not a long term competitive advantage.