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I applied online. The process took 3+ months. I interviewed at Arm (Budapest (Hungary)) in July 2016.
There was a half hour long personal and motivational chat with the office leader and the HR lady, after that a quarter hour long break commenced. Later I was given a test of skill related questions on paper with about twenty minutes to solve and then we had a chat with two experienced to-be-colleagues about the test and various other related questions.