 So here at the ARM TechCon you announced ARM Cortex-A35. Yes we did. So for those that don't know we launched on Tuesday a product called Cortex-A35 which is the first in the line of ultra-high efficiency Cortex processors targeted for the in fact growing entry-level smartphone market. A smart market on its own which we expect to be almost a billion units in 2020. And the Cortex-A35 is a full ARM V8 architecture which means it can run 64-bit code as well as 32-bit code. It has all the enhancements to run cryptographic engines so that effectively do better authentication, give you a much better browsing experience. Importantly it keeps the power in fact even better than the Cortex-A7 which is today's leader in efficiency for these types of products. So today ARM Cortex-A7 is the most popular Cortex-A? You're absolutely right and in fact over the last five years the Cortex-A5 and Cortex-A7 have shipped over two billion units in smartphones, in wearables and a lot of other embedded products. And Cortex-A7 is very small CPU right in terms of size and power and everything? Absolutely. How does this one compare? So just to give you a sense the Cortex-A7 in fact we used to show this nice graphic and I can send you that that showed the size of the Cortex-A7 compared to the pencil point right so in 28 nanometer process technology which is not necessarily the newest in fact it's quite an older version it occupies less than half a square millimeter of die area so it's really small and it's usually under 100 milliwatts when it's running full tilt so it's still a very very compact very efficient processor. Now compared to that the Cortex-A35 can actually get at least 10 to 15% better power while delivering up to 40% better performance remember better performance and better power at the same time and what's interesting is you could see it actually going to lower frequencies of 100 megahertz and consuming actually 5 milliwatts or less so this is really really a capable processor we've done a lot more to improve its performance on things like the browsing while improving its efficiency and the capability to change its power characteristics in a better way. So it go up and down in power depending on what's needed? Absolutely. There's more of that. Yes I think what we've done is give the flexibility of what you want to do with the processor how you power down regions and also you can push up as you say performance above the Cortex-A7 level and actually bridge that gap between somewhere in the Cortex-A7 to the Cortex-A53 which is the other product that has really proliferated in the marketplace. So how is the Cortex-A53 going to be positioned compared to the A35? Because the A35 is lower power. Yes. But how is the performance compared to the A53? So the Cortex-A53 still has a performance bump over the A35 and it is really really attractive in the efficiency ranges or the mid-range to super mid-range products. You've seen OctaCore Cortex-A53 parts actually in the mid-range in the super mid-range of the smartphone and they're in fact ramping in volume. I don't know whether it was clear before but in 2015 we expect over 50% of the smartphone shipped to be ARM V8A or 64-bit capable and most of those products will have Cortex-A53 in them so you can just get an idea of how popular it is. That's amazing no? Is that a surprise or not? That it's already so many 64-bit processors shipping this year? It is not as much of a surprise but it is faster than we expected. When we started this year we said there was going to be a large volume or a large percentage of 64-bit processors but it's taken off so well it's certainly faster than we expected. Because none of these phones have 4GB of RAM or more right? So why did they use 64-bit already? That's actually a very good question. That's very good question. I think 64-bit even though you may not have 4GB of RAM is still useful for some of the other things that the architecture added. Certainly the virtualization capabilities are multi-operated and you can see some of the applications starting to use 64-bit as a path to when they actually start using larger memory. And many of these shipped with LTE, they don't even do it 3G anymore, they just do LTE. That is true and now in fact often you see your larger screen connected devices sometimes are slower than some of these phones and you have significant data pipes into it, great amount of compute and that all actually gets enhanced when you start using 64-bit processing on the phone itself. And everything that's 32-bit also works so everything is backward compatible? The entire legacy of the ARM software ecosystem which is extremely wide in the smartphone space actually works just fine on all the Cortex A50 class, A70 class and A30 class processors. Does that mean next year it's possible that people don't need to do A70 anymore? They're just going to do 35? That's a fair question. I think in the smartphone world you will see a transition more and more to a 64-bit. There are some embedded applications which may stay 32-bit primarily because they will squeeze out every bit of silicon area they can save and every bit of power they can save and they don't need software stacks that are going all 64-bit. So A7 we believe and 32-bit will continue for a while but certainly in the smartphone space we see a stronger transition to 64-bit. Does the Mali 470 fit with the A35? It does in fact. Mali 470 is designed for much more compact form factors for entry-level smartphones and even wearables and so it is a very powerful graphics engine so it gives it the real oomph that it needs to make these devices better user interfaces, better visual capabilities. So since it's 50% for this year already that means you did all the right decisions when you designed the 64-bit. Everything was the right... There was some choices to be made, right? And it was the right ones. I think it's a tribute to the ARM ecosystem as a whole. So we did make choices and just as you know we started this nearly five years ago. The architecture work started in the early part of the second half of last decade. We announced the architecture in 2012. We announced products in 2013 and the part that started shipping in 2014. But you can see how quickly they have ramped and that's really a tribute to the ecosystem about how it actually gets all this together really fast. It's ARM and it's partnership. So there are some chips for performance but the very important volume and everything in ARM is very focused on energy efficiency and this is what you deliver here, right? Yes and I would say even at the performance level we are focusing on efficiency at that performance level. It doesn't seem to be the best performance architecture in terms of efficiency at any given point but I think you rightly point out that a huge amount of the volume that has grown in that 64-bit space is in that mid-range. It's in the efficiency level and even in the entry-phone level and now we're actually augmenting that. So since it's so energy efficient it will get into all kinds of new markets. So it's going to be great for wearables but maybe a whole bunch of new things that need very energy efficient. That might have been Cortex-M before but now maybe they want to go to 35 or? That is actually a very interesting point and we do see all kinds of new applications coming. You could say wearables suddenly started growing and you can see this is possible for wearables though it's not its main focus and in fact at the higher end you may look at wearables needing 64-bit capability also more performance than the 835. In that mid-range wearable range may or may not need all that 64-bit capability but you can certainly see things like industrial single board computers and other embedded devices that can use that 64-bit capability while focusing on the efficiency and the cost-effectiveness of this product. So there was a big little in 32-bit but it really got successful with 64-bit, right? And now it's 35 is big little compatible. That's for that. So you're right. We are now seeing big little everywhere in almost every platform we see whether it be smart phone or consumer device and you're also right in that 835 is big little capable so it can be used with an A57 or an A72 it could even be used with an A53 because it is little or compared to the mid-range product. What do you think about these configurations that have tri-cluster? So this is again a very interesting development or an innovation that we see our partners doing. We provided the architecture of big little it was a concept of the right processor for the right task and when you look at it, tri-cluster is another way of showing different performance levels and the extreme dynamic range it provides but also each of these clusters and each of these performance points will come at its best power efficiency so it is continuing innovation from the on partnership. Is the development going even faster and faster now like you announced is it going to come out sooner than what you did previously? I think that's a fair point we are accelerating innovation from our standpoint but it's usually market driven we build products based on what we see the market demand for and yes if you look at some of the announcements we've made over the last few years you will see that there is more coming out of ARM and by extension what's coming out of the ARM partnership. Everybody buying these entry level and mid range is going to be super happy to get 64 bit. We hope so. Thank you.