Report: ARM holds back on VC investment

Peter Clarke, EETimes
3/8/2011 5:51 AM EST

LONDON – Processor intellectual property licensor ARM Holdings plc has held back from investing in young startups because accountancy regulations, according to an article in the Sunday Telegraph.

ARM has amassed a cash pile of £300 million (about $480 million) over several years of modest but profitable growth. "A good use of some of that would be investing in younger businesses that are doing things in the ecosystem that sits around our business," the report quoted ARM CEO Warren East as saying.

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