Name The acronym ARM was first used in 1983 and originally stood for "Acorn RISC Machine".
Acorn Computers' first
RISC processor was used in the original
Acorn Archimedes and was one of the first RISC processors used in small computers. However, when the company was incorporated in 1990, what 'ARM' stood for changed to "Advanced RISC Machines". According to
Steve Furber the name was changed at the behest of Apple, which did not wish to have the name of a competitor in the name of the company. At the time of the
IPO in 1998, the company name was changed to "ARM Holdings", often just called ARM like the processors. On 1 August 2017, the styling and
logo were changed. The logo is now all lowercase ('arm') and other uses of the name are in sentence case ('Arm').
Founding The company was founded on 12 November 1990 as
Widelogic Limited but this was rapidly changed, on 3 December 1990, to
Advanced RISC Machines Limited and structured as a
joint venture between
Acorn Computers,
Apple, and
VLSI Technology. Acorn provided 12 employees, VLSI provided tools, Apple provided a US$3 million investment (equivalent to $ million in ).
Larry Tesler, Apple VP was a key person and he helped recruit the first CEO at the joint venture, Robin Saxby. The new company intended to further the development of the
Acorn RISC Machine processor, which was originally used in the Acorn Archimedes and had been selected by Apple for its
Newton project. Its first profitable year was 1993. The company's Silicon Valley and Tokyo offices were opened in 1994. ARM invested in Palmchip Corporation in 1997 to provide system on chip platforms and to enter into the disk drive market. In 1998, the company changed its name from
Advanced RISC Machines Ltd to
ARM Ltd. The company was first listed on the London Stock Exchange (LSE) and
Nasdaq in 1998 and by February 1999, Apple's shareholding had fallen to 14.8 per cent. In 2010, ARM joined with
IBM,
Texas Instruments,
Samsung,
ST-Ericsson (since dissolved) and
Freescale Semiconductor (now
NXP Semiconductors) in forming a
non-profit open source engineering company,
Linaro.
Acquisitions and divestments ;1999 : Micrologic Solutions, a software consulting company based in Cambridge ;2000 : Allant Software, a developer of
debugging software : Infinite Designs, a design company based in
Sheffield : EuroMIPS, a smart card design house in Sophia Antipolis, France ;2001 : The engineering team of Noral Micrologics, a debug hardware and software company based in
Blackburn, England ;2003 : Adelante Technologies of Belgium, creating its OptimoDE data engines business, a form of lightweight
DSP engine ;2004 : Axys Design Automation, a developer of
ESL design tools and Artisan Components, a designer of
physical IP (
intellectual property:
standard cell libraries, memory compilers,
PHYs etc.), the building blocks of
integrated circuits ;2005 :
KEIL Software, a leading developer of
software development tools for the
microcontroller (MCU) market, including
8051 and C16x platforms. ARM also acquired the engineering team of PowerEscape. ;2006 : Falanx (now called
ARM Norway), a developer of
3D graphics accelerators : SOISIC, who specialise in developing
silicon-on-insulator physical IP ;2008 : Logipard AB, a public Swedish company spun out of Anoto AB, specialising in graphics processors ;2011 : Obsidian Software Inc., a privately held company that creates processor verification products : Prolific, a developer of automated layout optimisation software tools ;2013 :
Internet of Things startup Sensinode : Cadence's PANTA family of high-resolution display processor and scaling coprocessor IP cores (formerly developed in Evatronix) :
Duolog Technologies, an
electronic design automation company that developed a suite of tools that automate the process of IP configuration and IP integration : Wicentric, a
Bluetooth Smart stack and profile provider : Sunrise Micro Devices, a provider of sub-one volt Bluetooth radio intellectual property (IP) : Carbon Design Systems, a provider of cycle-accurate virtual prototyping solutions : On 19 November, ARM, alongside
Cisco Systems,
Dell,
Intel,
Microsoft, and
Princeton University, founded the
OpenFog Consortium, to promote interests and development in
fog computing. ;2016 : Apical, a provider of imaging and embedded computer vision IP products : Allinea Software, a leading provider of software tools for HPC ;2018 :
Treasure Data ($600 million acquisition), provides enterprise data management software for device-to-data IoT platform : Stream Technologies, provided connectivity management platform and GSM connectivity ;2019 : WigWag, an IoT gateway and cloud platform business ;2020 : In July 2020, Arm announced plans to spin off Treasure Data, together with the other parts of its "IoT Services Group" business, into separate SoftBank-owned entities by the end of September 2020. ;2025 : August:
Cadence Design Systems completed the acquisition of Arm Artisan Foundation IP, which ARM originally acquired from Artisan Components in 2004.
Changes of ownership Japanese conglomerate
SoftBank Group made an agreed offer for ARM on 18 July 2016, subject to approval by ARM's shareholders, valuing the company at £23.4 billion (US$32 billion). The transaction was completed on 5 September 2016. In 2017, a 25% stake of Arm was transferred to the
SoftBank Vision Fund, which received investment from the
Saudi sovereign fund.
Attempted acquisition by Nvidia and initial public offering American technology company
Nvidia announced plans on 13 September 2020 to acquire ARM from SoftBank, pending regulatory approval, for a value of US$40 billion in stock and cash, which would have been the largest semiconductor acquisition to that date. SoftBank Group would acquire slightly less than a 10% stake in Nvidia, and ARM would maintain its headquarters in Cambridge. There was opposition to the deal, including national security concerns from the UK and competition concerns from fellow tech companies such as
Google, Microsoft and
Qualcomm, whose chips in use or on sale heavily rely on Arm's intellectual property. It was also being battled by Arm China, its subsidiary, a majority stake of which was held by Chinese investors. The acquisition was initially scheduled to conclude before the end of 2022 per the contract. However, the
European Commission, the UK
Competition and Markets Authority and the US
Federal Trade Commission raised completion concerns focusing on Arm's role within Nvidia, while the UK government also raised concerns about
national security. The merger attempt was eventually cancelled in February 2022 due to the aforementioned regulatory pressure and hurdles. Arm filed for an IPO on 21 August 2023 on the Nasdaq, rather than the LSE. A few days earlier, SoftBank Group bought back the 25% stake from Vision Fund for around $16 billion, valuing Arm at over $64 billion. Arm went public on 14 September 2023 raising $4.87 billion at a $54.5 billion valuation, with SoftBank continuing to own roughly 90% of the company following the offering.
Dispute over Arm China leadership SoftBank Group sold more than half of Arm China in 2018 to a local consortium consisting of various parties including
China Investment Corp. and the
Silk Road Fund, effectively relinquishing majority ownership of its Chinese subsidiary to a group of investors with ties to the Chinese state. From 2020, discord between Arm and the effective owners of Arm China became visible after the British parent company unsuccessfully tried to oust the chief executive of the subsidiary, who, however, managed to retain his position. A prevailing view emerged that the matter would negatively affect the pending approval by the Chinese regulators of the SoftBank–Nvidia deal, as well as any
public offering of Arm. In September 2021, despite Arm's denial, reports stated that the chief executive of Arm China, whom the British parent had tried to dismiss, had publicly declared the "independence" of Arm China. In February 2022, Allen Wu, the CEO of Arm China, floated the idea of a public offering of the Chinese subsidiary in 2025. On 29 April 2022, it was reported that the CEO and legal representative of Arm China had finally been replaced according to legally recognized filings. However, Allen Wu continued to dispute this. Subsequently, in 2023, key staff left to form their own chip design startup Borui Jingxin, which competes with Arm China, particularly for engineers. ==Operations==