TOKYO -- SoftBank Group-owned U.K. chip designer Arm said it has replaced the CEO of its Chinese joint venture after a two-year dispute over control of the unit that threatened to complicate a planned initial public offering.
Arm said it has appointed Liu Renchen, vice dean at the Research Institute of Tsinghua University in Shenzhen, and Eric Chen, managing partner at SoftBank Vision Fund, as co-CEOs.
