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SoftBank's Arm fires China head but unit says otherwise

British company reveals whistleblower complaint and claims 'irregularities'

SoftBank Group bought Arm in 2016 and sold a stake in the China unit in 2018. (Photo by Kei Higuchi)

TOKYO/TAIPEI -- SoftBank Group-owned U.K. chip designer Arm and its Chinese joint venture issued contradicting statements on Wednesday over the removal of the local unit's CEO, a rare sign of tension at a key player in the semiconductor industry.

Arm Limited initially said in a short statement on Tuesday that the board of Arm China appointed two interim co-CEOs to replace Allen Wu as chairman and CEO.

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