ARM acquisition completed: CEOs comment on future plans

September 06, 2016 // By Graham Prophet
Following completion of Japanes SoftBank Group Corp’s acquisition of ARM Holdings on 5th Septembeer 2016, SoftBank Chairman & CEO Masayoshi Son and ARM CEO Simon Segars issued a joint open letter, in which they discuss the two companies’ shared vision and future together, and which we quote here as-issued;
 
Leading the Information Revolution to the Next Paradigm Shift
By Masayoshi Son,  Chairman & CEO,  SoftBank Group  Corp., and Simon Segars, CEO, ARM Holdings plc
 
Today is a historic day for the SoftBank Group and ARM Holdings. We have brought together two companies with a shared vision and ambition, driven to empower the world with technology that makes life easier, safer and more fulfilling. Now that ARM is part of the SoftBank Group, the vision and mission we share will not change; it is business as usual – only better.
 
We feel that it is appropriate to explain why the two companies share a far more exciting future together. The SoftBank Group and ARM  have enabled technology that is at the heart of a computing and connectivity revolution. Every day, more than 40 million ARM-based chips are shipped by ARM partners into products enabling consumers and businesses around the world.  Every day, the SoftBank Group provides mobile and fixed-line connectivity to over 100 million people and devices in Japan and the U.S., offers numerous Internet services and is pioneering new ventures in AI, smart robotics and IoT.
 
But neither of us define success simply by the number of chips shipped, people connected or revenues earned. We believe that technology should advance for the benefit of humanity. Put another way, we believe that by harnessing the true potential of what SoftBank calls the  Information Revolution,  we can contribute to people’s happiness and joy, and to the future of the world. This is perhaps a bold proposition, but one that cuts right to the core of what technology can deliver.
 
The SoftBank Group has been at the forefront of technology shifts – from PC software distribution to the PC Internet to the Mobile Internet – and ARM is core to what we see as the next paradigm shift in the Information Revolution: IoT. As an