Churchill club ? In SFO ??
Sounds like the "Empire is Striking back" and trying to retake the Lost Colonies made rich by 2 centuries of hard work by the non-English ( like the Germans, Scandinavians, Italians, etc , etc. ). British Monarchy system is like Kryptonite to any Democracy and too much contact ( the BBC etc. ) is slowly corroding our own system that we fought against the Redcoats to create.
Now re: ARM's "benign & co-operative" business model ! They can afford to be less demanding in their profit margin because they did not innovate the core technology they are selling ( RISC architecture ) but siphoned it off the US. What would ARM be on their own ( remember the Brit Transputer architecture, yaargh ! ) ? The same goes for ARM's partner in "crime". From Morris Chang on down they are all trained in the US ( many at SemaTech, SRC grants at US taxpayer cost ).
It is Arm's open business model that has caused market to reject x86 in mobile.
Why buy chips from a single source.
Also contrast arm to intel. Arm is stay the course but new intel CEO had to pitch a new strategy to board and roll out to his managers on day 1.