Over the past few months, Arm has scored a couple of important acquisitions: it acquired Stream Technologies, a pioneer in machine-to-machine communications, to enable connectivity management of every device; It spent $600 million to acquire the California-based data analytics firm Treasure Data to expand its IoT ecosystem.

Arm is betting its future on the Internet of Things and artificial intelligence. The UK semiconductor vendor envisions a plan of connecting a trillion IoT devices by 2035, deriving real business value from IoT data.