LONDON -- U.K. chip designer Arm has plans to eliminate up to 1,000 jobs in a cost-cutting move as the SoftBank Group-owned company prepares for an initial public offering.
SoftBank
Arm weighs up to 1,000 job cuts ahead of planned IPO
SoftBank-owned chip designer eyes cost cuts after nixed sale to Nvidia
SoftBank Chairman and CEO Masayoshi Son has described the Arm listing as "the largest IPO in semiconductor history." © Reuters
Read Next
Latest on SoftBank
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)