Warren East, the CEO of ARM Holdings Plc, is stepping down from the company. ARM Holdings is a chip-design company that supplies components for Apple’s iPhone and iPad. East has been working as the CEO for around 12 years. East will be stepping down on July 1st, but he plans to continue working in the technology industry.
ARM Holdings plc Posts
ARM Holdings plc, the British semiconductor and software company based in Cambridge, England has reported their Q4 results. Even though the PC market is struggling, ARM still reported some solid results for the quarter ending December 31, 2012.
Toshiba Corporation previously indicated that they were planning to sell computer and tablet devices based on the Microsoft Windows RT operating system because of a delay in getting their hands on components. Instead Toshiba will focus on building computers built on the Windows 8 operating system with Intel hardware.
Samsung will be releasing a handheld computer that runs on the Windows RT operating system in October according to sources with Bloomberg. The Windows RT handheld computer will run on technology made by ARM Holdings Plc (ARM).
According to Brooke Crothers at CNET, Microsoft tablets that run on ARM-based chips may hit some snags when being released. Microsoft’s manufacturing partners like HP are struggling to get the ARM-based Windows RT operating system working perfectly.
Hewlett Packard Company will not be using chips made by ARM Holdings Plc when building tablets that will be powered by the Windows 8 operating system. Instead HP will focus on x86 chips. Two of the biggest companies that are building x86 chips include Intel and AMD. Microsoft will be releasing their own ARM-based tablet, which will help ARM Holdings feel less of a blow when losing HP’s business.
Arm Holdings plc CEO Warren East was interview at the Consumer Electronics Show in Las Vegas about competition with Intel. Intel has started getting into the low-power processor market to provide chips for smartphones and tablets. East said that ARM is not worried about the competition.
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Rumor has it that Apple Inc. (NASDAQ:AAPL) has expressed interest in acquiring ARM Holdings plc (NASDAQ:ARMH). ARM’s stock price shot up as a result. ARM designs CPU designs for a variety of Apple devices include the iPhone, iPod Touch, and the iPad. “A deal would make a lot of sense for Apple,” stated a trader. “That way, they could stop ARM’s technology from ending up in everyone else’s computers and gadgets.” The takeover offer is rumored to be about $8 billion. Apple has about $41.7 billion in cash reserves. [MacRumors]