ARM Holdings is the world's leading provider of Semiconductor Intellectual Property (IP) and is at the centre of the development of digital electronics. Headquartered in Cambridge, UK, ARM employs more than 1700 employees and has offices around the world, including Belgium, France, India, Sweden and the United states. The ARM processor is the first RISC microprocessor designed by Acorn computer Ltd for a low budget market. Earlier called Acorn RISC Machine. The ARM processor itself is a 32 bit design, but it is also equipped with a 16 bit instruction set, which typically saves up to 35% of the equivalent 32 bit code, but retains all the advantages of the 32 bit system.