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.