Posted inBeijing, China, World

ARM to cede control of China operation in $775-million deal

The deal is likely to be worth US$775 million. Semiconductor designer ARM, part of the SoftBank Group, plans to cede control of its Chinese business to a group of local investors. Even though the price-tag looks bargain-basement, the implications will be huge. At least 90% of the world’s mobile devices use the ARM chip “blueprint,” […]

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