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Arm scraps transfer of Internet of Things units to SoftBank

UK chip designer to keep businesses as subsidiaries

Arm, SoftBank's U.K.-based chip design unit, has canceled plans to transfer its IoT and data analytics businesses to the parent company, opting instead to let them operate independently.   © Reuters

TOKYO -- U.K. chip designer Arm on Tuesday said it has scrapped the planned transfer of its Internet of Things businesses to parent company SoftBank Group.

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