Arm Holdings vs Target: Founders, CEOs and History
Arm Holdings was founded in 1990 by Robin Saxby, Sophie Wilson, Steve Furber and is led by Rene Haas. Target was founded in 1902 by George Dayton and is led by Michael Fiddelke.
Company facts
Arm Holdings
- Founded
- 1990
- Headquarters
- Cambridge, United Kingdom
- Current CEO
- Rene Haas
- Employees
- 9,584
Target
- Founded
- 1902
- Headquarters
- Minneapolis, Minnesota
- Current CEO
- Michael Fiddelke
- Employees
- 415,000
Founders
Arm Holdings
Robin Saxby
The founding of Arm (Advanced RISC Machines) is a quintessentially British technology story, born out of a desperate need to build a more efficient computer processor.
Sophie Wilson
Sophie Wilson, along with Steve Furber, designed the original ARM processor at Acorn Computers in 1983 to 1985.
Steve Furber
Steve Furber served as the ARM processor's lead hardware designer at Acorn before the formation of Arm Ltd., but like Sophie Wilson did not join the new company directly.
Target
George Dayton
George Draper Dayton became a partner in Goodfellow's Dry Goods Company, one of the largest department stores in Minneapolis, in 1902, and became sole owner and president within a year, renaming it the Dayton Dry Goods Company.
CEOs and their tenures
Arm Holdings
- Robin Saxby1991–2001
Founding Chief Executive Officer
Robin Saxby was Arm's founding chief executive, recruited in 1991 to run the new joint venture from a converted barn at Swaffham Bulbeck near Cambridge with 12 engineers seconded from Acorn.
Source - Warren East2001–2013
Chief Executive Officer (Former)
Warren East ran Arm for twelve years from October 2001, the period in which the company became the default architecture for mobile computing.
Source - Simon Segars2013–2022
Chief Executive Officer (Former)
Simon Segars was chief executive for nine years from July 2013, overseeing SoftBank's 2016 acquisition, the attempted sale to Nvidia and the expansion of Arm's IoT strategy through the Treasure Data and Stream Technologies acquisitions, both of which were late…
Source - Rene Haas2022–present
Chief Executive Officer
Rene Haas became Arm's chief executive in February 2022, succeeding Simon Segars after nine years at Arm in engineering and commercial roles.
Source
Target
- Robert J. Ulrich1994–2008
Chairman and CEO
Under Ulrich Target grew into the second-largest US discount retailer, built its design-partnership model with designers such as Michael Graves, and added the Super Target format. He retired as chief executive in 2008 and was succeeded by Gregg Steinhafel.
Source - Gregg Steinhafel2008–2014
Chairman, President and CEO
Steinhafel resigned in May 2014 after the data breach and the poor results of Target Canada, which the company closed in 2015 after losses. Brian Cornell succeeded him later in 2014.
Source - Brian Cornell2014–2026
Former Chairman and CEO
Cornell's tenure ended amid a stock and sales slump, with revenue declining for three consecutive fiscal years (from $107.412 billion in FY2023 to $104.780 billion in FY2025) even as the omnichannel infrastructure he built began paying off in the following qua…
Source - Michael Fiddelke2026–present
Chief Executive Officer
Fiddelke inherited a company coming off three straight years of revenue decline. His first two quarters as CEO delivered growth: Q1 FY2026 net sales rose 6.7% and Q2 FY2026 net sales rose 5.3% to $26.5 billion, with comparable traffic up 3.6%.
Source
Timeline: Arm Holdings and Target side by side
1902Target
Dayton Company is founded
George Dayton becomes a partner in Goodfellow's Dry Goods Company in Minneapolis in 1902, then sole owner in 1903, renaming it Dayton Dry Goods Company -- the business that eventually becomes Target Corporation.
1962Target
First Target store opens
The first Target discount store opens in Roseville, Minnesota.
1985Arm Holdings
ARM1 Processor First Silicon
The first ARM processor, ARM1, reached silicon at Acorn Computers, designed by Sophie Wilson, who wrote the instruction set, and Steve Furber, who led the hardware.
1990Arm Holdings
Arm Founded as an Acorn, Apple and VLSI Joint Venture
The company was incorporated in November 1990 as Widelogic Limited and renamed Advanced RISC Machines Limited on December 3, 1990, structured as a joint venture between Acorn Computers, Apple Computer and VLSI Technology.
1993Arm Holdings
Apple Newton Ships with ARM610 and Arm Turns Profitable
Apple launched the Newton MessagePad, powered by an ARM610 processor, the first significant consumer product built on an ARM-based chip.
1998Arm Holdings
Dual Listing on the London Stock Exchange and Nasdaq
Arm floated on April 17, 1998, trading in London and New York on the same day after being priced at 575p a share by Morgan Stanley Dean Witter and Cazenove. The company was renamed ARM Holdings at the listing and joined the FTSE 100.
2000Target
Company becomes Target Corporation
Dayton Hudson changes its name to Target Corporation as the discount chain becomes the center of the company.
2001Arm Holdings
Warren East Becomes Chief Executive
Warren East was appointed chief executive in October 2001, succeeding Robin Saxby. Over the following twelve years Arm established the Cortex CPU and Mali GPU families and became the standard architecture for smartphones.
2004Arm Holdings
Artisan Components Acquired for $913 Million
Arm bought Artisan Components, a designer of physical IP such as standard cell libraries, memory compilers and input and output cells, extending Arm from processor designs into the foundry-specific building blocks needed to fabricate a chip.
2007Arm Holdings
iPhone Launch Accelerates Smartphone Royalty Growth
Apple launched the original iPhone with a Samsung-manufactured application processor built on an ARM11 core.
2013Arm Holdings
Simon Segars Succeeds Warren East as CEO
Arm announced in March 2013 that Warren East would retire and that president Simon Segars, who joined Arm in 1991 as one of its early engineers, would become chief executive from July 1, 2013.
2013Target
Target Data Breach
Target discloses a data breach affecting more than 40 million customer payment cards during the holiday shopping season, becoming one of the most-cited cybersecurity failures in US retail history.
2014Target
Dermstore Acquired
Target acquires online beauty retailer Dermstore to expand its e-commerce beauty business; it sells the unit to THG for $350 million in 2021.
2015Target
Target Exits Canada
Target announced in January 2015 that it would close all of its Canadian stores, ending an expansion that began in 2013.
2016Arm Holdings
SoftBank Acquires Arm for ~$32.1 billion (24.3 Billion Pounds)
SoftBank Group agreed on July 18, 2016 to acquire Arm Holdings for 24.3 billion pounds, about $31.4 billion in cash, and completed the deal on September 5, 2016.
2017Target
Target acquires Shipt and Grand Junction
Target acquires same-day delivery platform Shipt for about $550 million and transportation-technology startup Grand Junction, accelerating omnichannel fulfillment.
2020Arm Holdings
Nvidia Agrees to Buy Arm for $40 Billion
Nvidia announced an agreement to acquire Arm from SoftBank for about $40 billion in cash and stock.
2020Target
Stores become fulfillment hubs
Target's store-based fulfillment model becomes central to digital growth during the pandemic period.
2022Arm Holdings
Nvidia Deal Collapses and Rene Haas Becomes CEO
Nvidia and SoftBank terminated the acquisition in February 2022 after the U.S. Federal Trade Commission sued to block it, the UK Competition and Markets Authority recommended against it and EU regulators opened a Phase II review.
2023Arm Holdings
Nasdaq IPO Prices at $51 and Raises $4.87 Billion
Arm listed on Nasdaq on September 14, 2023 under the ticker ARM, pricing American depositary shares at $51 and raising about $4.87 billion at a valuation of roughly $54.5 billion. It was the largest U.S.
2024Arm Holdings
Fiscal 2024 Revenue Reaches $3.23 Billion
Arm reported fiscal 2024 revenue of $3,233 million, up 21%, made up of $1,802 million of royalty revenue and $1,431 million of license and other revenue, with net income of $306 million.
2025Arm Holdings
Artisan Foundation IP Business Sold to Cadence
Arm completed the sale of its Artisan foundation IP business, the standard cell libraries, memory compilers and general-purpose input and output blocks it had built up since the 2004 Artisan acquisition, to Cadence Design Systems on August 26, 2025 under an ag…
2025Arm Holdings
Lumex Client Platform Launched for On-Device AI
In September 2025 Arm launched Lumex, its compute subsystem platform for flagship smartphones and next-generation PCs, pairing C1 CPUs and G1 GPUs with Scalable Matrix Extension version 2 for on-device AI.
2025Arm Holdings
Fiscal 2025 Revenue Passes $4 Billion
Arm reported fiscal 2025 revenue of $4,007 million, up 24%, with royalty revenue of $2,168 million and license and other revenue of $1,839 million, and net income of $792 million.
2025Target
Michael Fiddelke named next CEO
Target announces that Michael Fiddelke will succeed Brian Cornell as CEO effective February 1, 2026, after 22 years rising through the company including as CFO and COO.
2026Arm Holdings
Arm Launches the AGI CPU, Its First Production Silicon
At the Arm Everywhere event in San Francisco on March 24, 2026, Arm introduced the Arm AGI CPU, the first chip it designed and sells as finished silicon rather than licensable IP.
2026Arm Holdings
Fiscal 2026 Revenue Reaches $4.92 Billion
Arm reported fiscal 2026 revenue of $4,920 million, up 23% and a third consecutive year of growth above 20% since the IPO, with royalty revenue of $2,613 million, license and other revenue of $2,307 million and net income of $904 million.
2026Target
FY2025 revenue is reported
Target reports FY2025 revenue of $104.780B and net income of $3.705B, the third consecutive year of revenue decline.
2026Target
Q1 FY2026 sales rebound
Target reports Q1 FY2026 net sales growth of 6.7% and comparable sales growth of 5.6% under new CEO Michael Fiddelke.
2026Target
Q2 FY2026 growth and raised outlook
Target reports Q2 FY2026 net sales of $26.5B (+5.3%), comparable sales growth of 3.8% and raises full-year guidance to about 5% sales growth.
Acquisitions
Arm Holdings
- Treasure Data2018$600M
- Stream Technologies2018Undisclosed
- Apical2016$350M
- Artisan Components2004$913M
Questions about Arm Holdings vs Target
Who is the CEO of Arm Holdings and Target Corporation?
Arm Holdings is led by Rene Haas and Target Corporation is led by Michael Fiddelke. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Arm Holdings founded vs Target Corporation?
Target Corporation was founded in 1902 — 88 years before Arm Holdings, which was founded in 1990. Target Corporation's longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Arm Holdings.
How many employees does Arm Holdings have compared to Target Corporation?
Arm Holdings employs approximately 9,584 people, while Target Corporation employs approximately 415,000. Target Corporation has the larger workforce at 415,000 employees, compared to Arm Holdings's 9,584. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Arm Holdings and Target Corporation headquartered?
Arm Holdings is headquartered in United Kingdom and Target Corporation is headquartered in United States. Their different home markets mean they may face different regulatory frameworks, tax regimes, and currency exposure.
Who founded Arm Holdings and Target Corporation?
Arm Holdings was founded by Robin Saxby, Sophie Wilson, Steve Furber. Target Corporation was founded by George Dayton.
Which company has a longer operating history — Arm Holdings or Target Corporation?
Target Corporation has been operating for approximately 124 years, making it the more established of the two companies. Arm Holdings has been in operation for around 36 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Arm Holdings vs Target overview