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

WATARU SUZUKI, Nikkei staff writer

August 25, 2020 13:07 JST

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.