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In Depth: How SoftBank wrested back control of Arm China

Securing Chinese venture of U.K. chip design giant paves wave for U.S. IPO

Arm China's CEO Allen Wu had been battling with SoftBank Group and Hopu Investment over control of the company.   © EPA/Jiji

Masayoshi Son, the billionaire head of SoftBank Group, may have heaved a sigh of relief after wresting back control of the Chinese venture of British semiconductor designer Arm from its wily CEO.

Securing Arm Technology (China) means the Japanese conglomerate will be able to move ahead with launching a U.S. initial public offering for Arm, a potential bright spot in what has otherwise been a streak of bad luck for a company that has been buffeted by Beijing's crackdown on tech.

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