ARM China former CEO takes control; launches own company
By Shubhangi on Sep 02, 2021 | 05:32 AM IST
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