SoftBank acquired Arm in 2016 for $ 32 billion.
Shanghai:
Chip technology firm Arm Ltd, owned by Softbank Group Corp., hit back at its Chinese subsidiary on Wednesday in a statement, accusing Arm China CEO Allen Wu of “spreading false information and creating a culture of fear and confusion among the employees of Arm China “.
The remarks are the latest in an ongoing dispute between the two companies, which first surfaced in June.
Allen’s focus on his own curation has also put semiconductor innovation in China at risk, as it has attempted to block critical communication and support our Chinese partners Arm needs for chip designs. ongoing and future, ”said UK-based Arm Ltd. declaration.
Arm China did not immediately respond to a request for comment.
Arm Ltd’s comments come hours after Arm China published an open letter signed by nearly 200 staff accusing Arm Ltd of trying to cut Arm China’s contracts with its business partners.
The split between the two companies first became public in June, when Arm Ltd announced that Wu would be replaced as CEO of Arm China. Immediately after this announcement, Arm China released a statement that Wu would remain in his post.
Arm China, generates revenue by licensing chip architecture licenses to Chinese companies. The company was formed in 2018 when SoftBank sold a 51% stake in Arm Ltd’s Chinese subsidiary, Arm Technology (China) Co Ltd, to a group of Chinese investors. SoftBank acquired Arm in 2016 for $ 32 billion.
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