ARM assumes the tentpole position in chips for mobile devices. It was one of the first companies to aggressively focus on mobile devices while other semiconductor companies were ramping up their efforts on desktops. SoftBank, which is based in Tokyo has become one of the most acquisitive companies in the recent years. It heavily invests in technology, media, and telecommunications companies. ARM could provide an additional boost to SoftBank's mobile strategy. SoftBank, for instance, also owns about 83 percent of the American wireless operator Sprint.
Hermann Hauser, one of ARM's founders, said, "ARM is the proudest achievement of my life. The proposed sale to SoftBank is a sad day for me and for technology in Britain." BBC's Rory Cellan-Jones asked, "Question -- if ARM goes, what's left as a worldbeating UK-owned tech player?"