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Sure, there may be some larger process going on too -- but that has nothing to do with this. According to the article: SoftBank started "ARM China" as a joint v
by CRConrad 5y ago
Sure, there may be some larger process going on too -- but that has nothing to do with this. According to the article: SoftBank started "ARM China" as a joint venture with a Chinese consortium, and later sold more of it to them, so they now hold a controlling 51% interest in it. ARM China isn't "going rogue"; it's doing what its owners want it to do, just like a good obedient non-rogue subsidiary should. The article not mentioning this basic fact with a single word doesn't mean what's happening is weird; it means the article is bad.
- nl 5y agoARM China isn't "going rogue"; it's doing what its owners want it to do, just like a good obedient non-rogue subsidiary should. The article not mentioning this basic fact with a single word doesn't mean what's happening is weird; it means the article is bad. This isn't actually correct. The board voted to replace the CEO (7-1) but the CEO wouldn't give up the physical company seal (which is China represents the company), and he used that to gain control of the company. This is not conventional behaviour at all!!