By Lea Pachta
ARM Holdings, has been announced overall winner of the International Trade Awards 2010, sponsored by HSBC Commercial Banking. The awards recognise excellence in importing, exporting and international trade.
ARM, the world’s leading semiconductor intellectual property (IP) supplier, fought off stiff competition to win the national award. The firm was honoured at a formal presentation at the House of Lords attended by Julie Meyer, founder and CEO of Ariadne Capital and online Dragon from BBC’s Dragon’s Den, and hosted by Lord Haskel, Deputy Speaker of the Lords.
While ARM is based in Cambridge’s ‘Technopole’, an area of intense high-technology innovation activity, it is however a global enterprise. ARM derives 95% of its revenue from overseas market sales, has offices around the world and employs 1,700 people globally. To date, ARM’s network of partners have sold 17 billion ARM technology-based chips destined for a range of wireless, networking, automotive, security and storage devices, including 95% of the world’s mobile phones, 70% of digital cameras, 60% of printers and 50% of hard disks.
Stuart Nivison, Head of Trade and Supply Chain, Europe, said: “ We are delighted to see ARM gaining recognition for its exceptional international trading activity. This is a truly global business with 95% of sales generated from overseas markets and few companies can boast their market dominance. ARM’s commitment to R&D, customer service, staff development and their support for the education of the future generation of UK designers makes them worthy winners.
“HSBC has been specialising in international trade since 1865 and is working harder in this area than ever to help companies succeed overseas. In 2009 we launched a joint initiative with UKTI to provide a comprehensive programme of training aimed at businesses of all sizes looking to expand their overseas trading activity. We also increased the availability of Trade Finance to companies trading internationally and last year the average level of trade we financed increased by 34%, within which export finance more than doubled. Global trade is what HSBC was founded on and our global network of 8,000 Relationship Managers enables us to help businesses make the most of international opportunities.”
“We are delighted to accept this award as recognition of the progress we have made since the company was founded in 1990. From humble beginnings we are now the world’s largest provider of semiconductor IP, supplying the vast majority of the world’s leading electronics companies, and already powering 25% of all digital products,” said Graham Budd, Chief Operating Officer, ARM. “We look forward to building on our success to date and seeing this number grow even higher.”
Ian Campbell OBE, who chaired the judges, added: “Our overall winner — ARM — is an exceptional company and an outstanding global player. Its management attributes its success to the dedication of its employees to generating innovative ideas and bringing them to life. ARM is a global, competitive, and innovative success story.”
Now in its third year, the International Trade Awards are the only UK wide business awards exclusively for exporters and importers and acknowledge and celebrate the success achieved by UK companies of all sizes trading internationally. Companies from England, Northern Ireland, Scotland and Wales involved in import, export, outward investment or inward investment, competed in 12 regional heats.
ARM Holdings were presented with the overall International Trade Company of the Year 2009 at a prestigious Luncheon at the House of Lords, Westminster