New CEO Named for UK Based ARM Holdings

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UK based semiconductor developer ARM Holdings has announced that its CEO Warren East has decided to retire from the company effective July 2013 after nearly twelve years as CEO and nineteen years at the company.

Simon Segars, currently President of ARM, will become the company's new CEO.

ARM Holdings specializes in designing the low-power chips that underpin most of the mobile phones in use today.

Warren East joined ARM Holdings in 1994 to establish the company's consulting business and later became vice president of business operations. Three years later he took up the role of chief operating officer and was appointed as its CEO in October 2001.

Warren East said, "It has been a privilege to lead ARM during such a momentous and exciting time for our industry and I am proud of what the ARM team of employees and partners has achieved together while I have been CEO; ARM is a great company with a strong market position and a unique culture. We take a very long-term view about our business, and we believe that now is the right time to bring in new leadership, to execute on the next phase of growth and to plan even further into the future."

ARM is a technology licening company and doesn't manufacture its own CPUs. Intel, Samsung, Texas Instruments, Analog Devices, Atmel, Freescale, Nvidia, Qualcomm, STMicroelectronics and Renesas have all licensed ARM technology.

ARM Holdings' goal is by 2015 to have ARM-based processors in more than half of all tablets, mini-notebooks and other mobile PCs sold.

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