This is ARM we're talking about. They're not known for being open-source friendly.
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ARM fund CodeSourcery to get ARM compiler support into the gcc toolchain. Plenty of people there like open source.
The worry, internally, is a holdover from the days of the SCO-Linux disputes - that if an employee works on an open-source compiler, sees a great idea, then remembers it and implements it in the closed-source compiler later on (even subconsciously) that it could mean a bunch of legal hassle.