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Yes. Technically Soft Bank still owns 49% of arm-china subsidiary, and they could theoretically take control back... but the belligerent CEO of arm-china has s
by parasense 5y ago
Yes.
Technically Soft Bank still owns 49% of arm-china subsidiary, and they could theoretically take control back... but the belligerent CEO of arm-china has supposedly setup private security forces barring access to the facilities, and there is something about a legal seal. So far Soft Bank has opted not to escalate the situation any further. There is of course a lot more to the story.
- paulmd 5y ago> there is something about a legal seal for those not aware: seals are a big cultural thing in asian cultures (at least Japan and China for sure). I saw some surplus processors shipped from china with a stamp on them, I asked a Chinese friend about it thinking it was some kind of disposition mark (trying to make sure it didn't say "DEFECTIVE" or something ;) and she told me it was the seller's name, and that was his personal stamp, basically like his signature. That got me looking into it and a signature is a pretty good analogy. In Japan at least it appears you need a seal to do any sort of serious transaction (buying a house, etc). The seals are officially registered and indeed basically like a signature, if you stamp a document that means it's "signed". For a business, control of the seal is pretty much control of the business, I'm guessing. It's certainly going to be difficult to do any governing of the company without it, even if you otherwise have legal ownership of the company it's going to be difficult to exercise it without the seal. Bit of an interesting cultural touchstone, seems minor to westerners but it's apparently a big deal to them.