Thursday, July 30th 2020
Arm China Goes Rogue, Ex-CEO Blocking the Business
Arm Ltd., owned by Softbank, has a division specially tailored for China, called Arm China. That division used to operate in Shenzen and it cooperated with Chinese customers. Today in a surprising turn of events, we have information that UK-based Arm Ltd. accuses Arm China ex-CEO of blocking its business, as the Chinese division goes rogue. The Arm China division used to have Mr. Allen Wu as its CEO, who was fired back in June. However, Mr. Wu has refused to cooperate and refused to step down from his position, remaining in control of the business without the consent of UK-based headquarters.
The situation has escalated to a point where Mr. Wu is "propagating false information and creating a culture of fear and confusion among Arm China employees," says Arm in a statement for Bloomberg. "Allen's focus on his own self-preservation has also put China semiconductor innovation at risk as he has attempted to block the critical communication and support our China partners require from Arm for ongoing and future chip designs." It is also said that Mr. Wu has refused to hold an event meant to connect Chinese chipmakers to Arm Ltd. He has hired personal security so no Arm Ltd. representatives can get to him. It is a waiting game to see how well Arm Ltd. can manage this situation, so we have to wait and see.
Source:
Bloomberg
The situation has escalated to a point where Mr. Wu is "propagating false information and creating a culture of fear and confusion among Arm China employees," says Arm in a statement for Bloomberg. "Allen's focus on his own self-preservation has also put China semiconductor innovation at risk as he has attempted to block the critical communication and support our China partners require from Arm for ongoing and future chip designs." It is also said that Mr. Wu has refused to hold an event meant to connect Chinese chipmakers to Arm Ltd. He has hired personal security so no Arm Ltd. representatives can get to him. It is a waiting game to see how well Arm Ltd. can manage this situation, so we have to wait and see.
70 Comments on Arm China Goes Rogue, Ex-CEO Blocking the Business
As for the China sentiment... so far this seems more like a case of power having gone to somebody's head.
You know PC Captains are everywhere.
I don't like him , but sometimes he is right.
And can we cut the OT Trump dialog?
*(A more friendlier post than using the H word)
Otherwise this is like taken right out of a Chinese mafia movie, the local boss just take over with his own security force and now ARM has to send in their own hit team to resolve the situation.
Bet you someone is already in the process of writing a movie script called
ARMed Takeover
This movie is based on a true story.
just close this damn discussion.
I wonder what the employee's in China, that aren't China nationals, think about this. What a situation to be put in.