East oversaw ARM’s rise from a small and specialized chip designer into a huge juggernaut capable of taking on Intel in some markets. He will be replaced by Simon Segars, who has been with the company since 1991.
East was never as outspoken as many other tech execs and he did not chase the limelight, but ARM thrived during his tenure. In just ten years the company saw its market capitalization soar twentyfold. The past year was a particularly good year for ARM shareholders, as the share price almost doubled in 52 weeks. East clearly earned his gold watch, and then some.
However, as Intel gears up to develop competitive mobile chips in 22nm and beyond, the era of double digit ARM growth could be drawing to a close.
After 12 years of stellar success
ARM CEO Warren East is stepping down in July. East will retire after 12 years at the helm of one of the most dynamic chip outfits in the business.
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