Annual Report and Accounts 2010

28Principal subsidiaries and associates

Details of principal subsidiary undertakings are shown below. Not all subsidiaries are included as the list would be excessive in length. A full list is filed in the Group’s Annual Return. All investments are indirectly held unless otherwise shown.

Name of undertaking

Country of registration

Principal activity

Proportion of total
nominal value
of issued
shares held

ARM Limited

England and Wales

Marketing, research and development
of RISC-based microprocessors and
physical IP components

100*

ARM Inc.

US

Marketing, research and development
of RISC-based microprocessors and
physical IP components

100

ARM KK

Japan

Marketing of RISC-based microprocessors
and physical IP

100

ARM Korea Limited

South Korea

Marketing of RISC-based microprocessors
and physical IP

100

ARM France SAS

France

Marketing and development of RISC-based microprocessors and physical IP

100

ARM Norway AS

Norway

Development of IP

100

ARM Sweden AB

Sweden

Development of IP

100

ARM Germany GmbH

Germany

Marketing and development of RISC-based microprocessor IP, integrated processor modelling solutions and microcontroller tools

100

ARM Embedded Technologies Pvt. Limited

India

Marketing, research and development
of RISC-based microprocessors
and physical IP

100

ARM Physical IP Asia Pacific Pte. Limited

Singapore

Marketing of RISC-based microprocessors
and physical IP

100

ARM Taiwan Limited

Taiwan

Marketing of RISC-based microprocessors
and physical IP

100

ARM Consulting (Shanghai) Co.
Limited

PR China

Marketing of RISC-based microprocessors
and physical IP

100

* The Company itself owns less than 1% of the share capital of ARM Limited, the remaining shares are held indirectly through ARM Finance  UK Limited and ARM Finance UK Three Limited. Both ARM Finance UK Limited and ARM Finance UK Three Limited are 100% owned within  the Group.

During 2010, the Group was a founder member in the creation of Linaro Limited (Linaro), a not for profit company created to foster innovation in the Linux community. Linaro is a company limited by guarantee and as such has no shareholders. From incorporation to the end of September 2010, the Group controlled a majority of the board of Linaro, and as such treated it as a subsidiary undertaking during that period. Following the appointment of additional third party directors at the end of September 2010, the Group now controls only 25% of the board and therefore considers Linaro to be an associate rather than a subsidiary. During 2010, Linaro made no profit or loss and has nil net assets at 31 December 2010.