Almost ALL mobile processors are ARM, but sure a design can be made with an ARM Processor which is open source. This question is different from the question asked on How is Raspberry Pi "open source" if it uses ARM?.
Both BBB and Raspberry PI use ARM chips, but I would like to know the differences in open-source-ness of these two designs.
This link directs to a page which states that the Raspberry PI is not fully open source hardware. I do not understand this statement. I believe the schematics are available and the IC numbers are available. What more needs to be opened up?
The statement is as follows:
What will matter the most to many people is the fact that the Pi is still closed source hardware with limited documentation of the design and no ability to customize or manage the supply chain. This is only part of why many people consider the Bone more suited to higher educational and professional use. Quality manufacturing in the US is also frequently seen as a bonus by a developer community with many professional Linux consultants looking to help create real products. Open hardware derivatives like the Ninja Spheramid and BBP (BeagleBone 3D Printer) are just the start of new Bone-related designs popping up this year. This is possible due to the open hardware nature of the Bones and use of the Sitara devices that are available for nearly anyone to buy.