But breakthroughs in areas like mobile computing and Web-based, or "cloud, " services are "just beginning, " he says, and emerging markets have shown a voracious appetite for technology.

WSJ: Upside: Why Tech Stocks Look Better��Even for the Risk Averse

As we move into an ever more connected world of mobile computing, cloud-based networks and the Internet-of-Things, Arm is seeing increased demand for its high performance and low-power technology.

BBC: Apple and Samsung chip designer Arm sees profit up 22%