Yes!
And dont be discouraged by the size of that syringe they give it in. That little amount will allow you to apply plenty of grease to about 50-80 processors/ video cards/ etc... I have gone through many motherboards, video cards, and cooling solutions, everytime I switch video cards, i have to swap out my custom video card cooler I made from unused heatsinks and fans, each time i do so, i have to re-apply the arctic silver compound. Also, I've gone through maybe 5 motherboards in the last 3 months, and each time i switch motherboards, i gotta re-apply the arctic silver to my cpu. Also, i use a peltier and cold plate, so i apply the compound to the heatsink, the coldplate, the peltier, and the cpu everytime I swap motherboards since I have a flip chip, and the heatsink has to come off to take out the cpu. Anyways, after 30 or so applications of the arctic silver, I still haven't even put a dent in the total amount that is still in that little syringe.