Pretty big deal. Seems like a simple passing of the baton though.
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ARM CEO retires, leaves mobile revolution to Simon Segars
ARM is announcing that CEO Warren East is stepping down after nineteen years at the company, making way for new CEO Simon Segars — the company's current president. The succession will happen on July 1st of this year, 12 years after East took charge. Even though ARM doesn’t produce devices (or even chips) of its own, the processor architecture it designs provides the foundation for the vast majority of mobile CPUs on the market, from the likes of Qualcomm, Nvidia, Texas Instruments, Samsung, and others.