Arm wants distance from troubled China subsidiary amid IPO hopes

U.K. chip designer sheds shares as SoftBank aims to list unit

Arm has struggled to regain control of Arm China, as the subsidiary's head has refused to relinquish power since June 2020. © EPA/Jiji

ZHANG ERCHI, QU YUNXU and DING YI, Caixin

April 7, 2022 17:38 JST

British chip design giant Arm Ltd. has transferred its shares in its wayward China joint venture to a special purpose vehicle that it jointly owns with its parent SoftBank Group Corp., in a move that could speed up its plans to go public if it decides to list in the U.S.