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ARM China former CEO takes control; launches own company

By Shubhangi on Sep 02, 2021 | 05:32 AM IST

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The former CEO of ARM China, Allen Wu has reportedly taken control of the company and attempting to launch his own company called Alphatecture.

Wu is accused of using his position at ARM China to launch his company and has reportedly offered discounts on ARM China products to companies if they invest in Alphatecture.

ARM decided to remove Wu for leveraging his position at the company but since he possessed the seal of the company, he is the legal representative according to the Chinese law.

To keep ARM employees from entering the office, Wu had hired security, fired many employees and sued ARM China calling his dismissal as CEO illegal.

A report by Dylan Patel suggests that ARM has refused to transfer any IP from its new products to which Wu has responded by saying that ARM Limited would soon ship a new “XPU” line of products consisting of AI accelerators and processing units, image signal processors, security processors, and video processors.

Softbank, the parent organization of ARM, in 2018, agreed to give control of ARM China to the ARM Chine joint venture in which Softbank owns 49% whereas Chinese owns 51% of the company.

With inputs from ExtremeTech

Picture Credits: ExtremeTech

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