UK chip giant Arm’s battle over ousting of China CEO escalates, complicating SoftBank sale

Source: South China Morning PostThe battle for control of Arm Ltd’s China business is escalating with new lawsuits aimed at keeping the unit’s controversial chief executive in power, further complicating SoftBank Group Corp’s efforts to sell the business to Nvidia Corp.The dispute erupted almost a year ago in June after the board voted to oust Arm China chief executive officer Allen Wu for conflicts of interest, but he refused to leave. Now the Chinese unit, which remains under Wu’s control, has filed lawsuits against three…Read More

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