SoftBankSoftBank pushes Arm to focus on chips ahead of possible IPO
UK tech company to offload IoT business as parent looks to raise cash
British chip designer Arm is behind the architecture of more than 90% of all smartphone chips.
YOICHIRO HIROI and TAKAFUMI HOTTA, Nikkei staff writers
TOKYO -- The reorganization of Arm this month at the direction of parent SoftBank Group, has raised questions over whether the British chip designer is on the auction block as the Japanese tech conglomerate reshuffles its portfolio and sells a clutch of assets.