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Yes and no. Apple was a co founder when ARM was spun off from Acorn and the ARM processor already existed for 5 years.

Acorn supplied the engineers, VLSI supplied the manufacturing, Apple supplied the money

Fair, but that money is a linchpin. Having the vision to see a commercial application and the will to fund its development into a real product is equally pivotal to the bringing about of a thing —- even if we engineers sometimes struggle to see it that way.
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