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Look inside almost any modern connected device -- a smartphone, a smartwatch, a Wi-Fi thermostat, a battery-powered sensor node -- and you will find a processor core designed by ARM. It is one of the most successful engineering ideas in computing history. And here is the strange part: ARM has never manufactured a single one of those chips. It does not own a factory. It sells blueprints. A three-person project in Cambridge The story starts at Acorn Computers in Cambridge, England, in the early 1980s. Acorn had built the BBC Micro, a hugely popular educational computer in the UK, and it needed a faster processor for its next machine. The commercial chips available at the time were disappointing, so a tiny team decided to design their own. The acronym everyone knows today originally stood for Acorn RISC Machine . Sophie Wilson designed the instruction set and wrote the simulator; Steve Furber led the physical chip design. RISC -- Reduced Instruction Set Computing -- was the key bet. Instead of piling on complex instructions, they kept the instruction set small and simple, which made the chip easier to build, cheaper, and remarkably power-efficient. The first silicon, the ARM1, was fabricated by VLSI Technology and delivered to Acorn on 26 April 1985. When the team powered it on, it simply worked -- first try. For anyone who has designed hardware, that is almost unheard of; new processors normally need several rounds of revisions to shake out design errors. A famous piece of Acorn lore is that the early ARM chips drew so little current they could keep running on leakage alone after the power was disconnected. From a British computer to the whole world Acorn the computer company faded, but the processor design did not. In 1990 the ARM team was spun out into a separate joint venture, and the acronym was quietly re-expanded to Advanced RISC Machines . The new company made a decision that defined its future: it would not build chips. It would license the designs and let oth

I built this after SKHY began trading to make it easier to compare the US ADR with SK Hynix’s Korean shares. The dashboard adjusts for FX and the ADR conversion ratio. It highlights the current pricing gap, how it changed over time, and comparable trading volume. Data comes from Yahoo Finance. Feedback is welcome!