en.wikipedia.org/wiki/Apple_Newton
1 correction found
Apple invested in Acorn Computers
Apple did not invest in Acorn Computers itself. Apple invested in the new joint venture Advanced RISC Machines (ARM), which was formed with Acorn and VLSI Technology.
Full reasoning
Contemporary and official histories describe Apple’s 1990 deal as an investment in Advanced RISC Machines Ltd. (ARM), a new joint venture involving Acorn Computers, Apple Computer, and VLSI Technology—not as an investment in Acorn Computers itself.
Arm’s official history says the company was founded in November 1990 as a joint venture between Acorn, Apple, and VLSI. A contemporary Los Angeles Times report on the announcement likewise says Apple invested about $3 million for a 30% interest in the new company, Advanced RISC Machines Ltd.
So the article’s wording is incorrect about what Apple invested in. Apple collaborated with Acorn, but the investment was in the newly created ARM venture, not in Acorn Computers as a company.
2 sources
- The official history of Arm - Arm Newsroom
Arm was officially founded as a company in November 1990 as Advanced RISC Machines Ltd, which was a joint venture between Acorn Computers, Apple Computer (now Apple Inc.), and VLSI Technology.
- Apple to Join Acorn, VLSI in Chip-Making Venture - Los Angeles Times
Apple has invested about $3 million ... for a 30% interest in the company, dubbed Advanced Risc Machines Ltd.