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VC & CVC Stream: The Missing Piece Michael Dimelow VP Business Development, ARM

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ARM Introduction Global leader in the development of semiconductor IP - R&D outsourcing Innovative business model yields high margins - license, royalties, technology reuse Long-term, secular growth markets Approximately 1000 licenses Growing by ~100 every year Over 330 potential royalty payers 8.7bn ARM-based chips in 12 ~25% CAGR over last 5 years

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How many ARMs Do You Have? Average Selling Price of a Semiconductor Chip Opportunity >$25$10-15$3-6$1-2 Volume

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Strategic Investor: Semi & Software Investment Goals: 1.Direct involvement in ecosystem 2.Window to technology 3.Long-term group revenue 4.Financial return Investment strategies: 1.Actively expand ARM ecosystem 2.Seed markets with ARM Technology 3.Explore new business models 4.Appropriate return

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Example Calxeda Inc Engagements Company Overview: Developing server chips based on ARM technology Fabless semiconductor company ARM Ownership: Undisclosed Strategic Rationale for Investment: Establish presence in low power server chips Recent Events: Significant customer traction for ultra low power compute Closed $55 Million Funding Round Q42012

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Working with Financials Actively seek co-investors that: Keep the company focused on the day job Have a history of building businesses Healthy debate with strategics for the benefit of the company Visibility of complementary deal flow Jointly qualify business model and technology fields Identify portfolio collaboration opportunities ARM is an active investor Where an investment continues to serve a strategic purpose

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Contacts: michael.dimelow@arm.com or +44 77 1000 5575 adam.bastin@arm.com or +44 79 8030 2218 Thank you