The value a company brings to society and the value that it captures are two different things. Arm operates in an industry where it is hard to capture value, th

The value a company brings to society and the value that it captures are two different things. Arm operates in an industry where it is hard to capture value, the semiconductor industry, and its moat is strong but only upheld by them not charging a lot. The semiconductor industry is mature at this point, still having a lot of development, but also a lot of competition. If they charge too much, the bleeding to RISC-V will accelerate: many of the customers of Arm simply don't have the profit margin to afford paying more for them. Arm has competitors in the higher priced segment (Intel/AMD) and they have RISC-V for the cheaper priced segment. I understand why SoftBank wants to diversify their investment.