Softbank has sold 51% of ARM’s China operation for $775 million to local investors, according to Reuters. ARM gets about a fifth of its $1.4 billion annual revenues from China. Under the deal the 51% share will be owned by a consortium led by the Hou An Innovation Fund which is jointly managed by ARM ...
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from Electronics Weekly https://www.electronicsweekly.com/news/business/arm-loses-leg-2018-06/
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