Arm takes action to resolve impasse at its renegade China unit

[hist78]

This is not the first time I saw a Chinese employee who stole a foreign company's China branch with the help of their government and CCP's legal system.

SoftBank, Arm Move to Retake Control of China JV, Oust CEO

SoftBank Group Corp. and its subsidiary Arm Ltd. are closing in on an agreement to regain control of the chipmaker’s China operations and oust its rogue chief executive officer, according to people familiar with the process.

www.bloomberg.com

 

[Daniel Nenni]

This is not the first time I saw a Chinese employee who stole a foreign company's China branch with the help of their government and CCP's legal system.

SoftBank, Arm Move to Retake Control of China JV, Oust CEO

SoftBank Group Corp. and its subsidiary Arm Ltd. are closing in on an agreement to regain control of the chipmaker’s China operations and oust its rogue chief executive officer, according to people familiar with the process.

www.bloomberg.com

This may be required before they IPO?

• Allen Wu was fired two years ago but refused to cede control
• SoftBank aims to take Arm public at a valuation of $60 billion

 

[Jozo035]

China demands transfer of IP, r&d, technological details...
Current owners wants to agree to that

Blocking of Nvidia was key point in this plan

this is what i heard.