Arm China Pursues Rogue CEO in Court, Close to Ousting

Arm China Pursues Rogue CEO in Court docket, Near Ousting

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The ongoing saga of SoftBank and its China operations within the wake of the failed sale of Arm to Nvidia has taken a curious twist, in response to a report on Yahoo! Finance, with the previous CEO of Arm China, fired in 2020, nonetheless refusing to go away. 

(Picture credit score: Kirakirameister)

Precisely why Allen Wu likes his job a lot stays unclear, however he retains possession of the corporate’s registration paperwork and seal, permitting him to run the corporate in defiance of its administrators. Wu was let go in 2020 for alleged conflicts of curiosity, with Reuters reporting that the board of Arm China, a three way partnership between Arm, SoftBank, and Chinese language buyers, had voted 7-1 to oust him.

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