ARM Holdings plc (ARM) designs microprocessors, physical library solutions (physical IP) and related technology and software, and sells development tools. ARM licenses and sells its technology and products to international electronics companies, which in turn manufacture, market and sell microprocessors, application-specific integrated circuits (ASICs) and application-specific standard processors (ASSPs) based on ARM’s technology to systems companies for incorporation into a variety of end products. By creating a network of Partners, and working with them to utilize ARM’s technology, the Company is establishing its RISC processor architecture and physical IP for use in embedded microprocessor applications, including digital cellular phones, modems and automotive functions and for use in markets, including cellular phones, digital televisions and (personal computer) PC peripherals. ARM’s principal geographic markets are Europe, the United States and Asia Pacific.