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SoftBank-owned Arm ousts CEO of Chinese joint venture

U.K. chip designer pushes to take control of Arm China ahead of planned IPO

Arm sold a majority stake in Arm China to a group of local investors in 2018. (Photo courtesy of ARM)

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.

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