TAIPEI — British chip designer Arm Limited has found itself in an extraordinary public row with its own Chinese subsidiary in recent days, with the two sides at loggerheads over a decision to shake up the management of the unit. But arguably the seeds of the dispute were sown two […]
Softbanks
SoftBank’s Arm fires China head but unit says otherwise
TOKYO/TAIPEI — SoftBank Group-owned U.K. chip designer Arm and its Chinese joint venture issued contradicting statements on Wednesday over the removal of the local unit’s CEO, a rare sign of tension at a key player in the semiconductor industry. Arm Limited initially said in a short statement on Tuesday that […]
SoftBank’s Arm in boardroom fight with China unit over CEO
TOKYO/TAIPEI — SoftBank Group-owned U.K. chip designer Arm and its Chinese joint venture issued contradicting statements on Wednesday over the removal of the local unit’s CEO, a rare sign of tension at a key player in the semiconductor industry. Arm Limited initially said in a short statement on Tuesday that […]
Softbank’s Arm chip designer in dispute with China unit over CEO
TOKYO — SoftBank Group-owned U.K. chip designer Arm and its Chinese joint venture issued contradicting statements on Wednesday over the removal of the local unit’s CEO, a rare sign of tension at a key player in the semiconductor industry. Arm Limited initially said in a short statement on Tuesday that […]
SoftBank’s $100bn Vision Fund to shed 15% of staff
LONDON — SoftBank Group’s $100 billion Vision Fund is shedding 15% of its staff following the investment vehicle’s aggressive bets on startups that wiped $16.7 billion off its value, Nikkei has learned. Management arm SoftBank Investment Advisers will see reductions to its 500 or so employees. This marks the first […]
Goldman wins in SoftBank’s $2.9bn trade-from-home sale
TOKYO — On May 21, Makoto Ito, head of the capital markets division at Goldman Sachs Japan, logged into Zoom on his computer at his Tokyo home. Using a high-security account for Goldman employees, he began sending directions to a team of about a dozen people to begin a 310 […]
Fading Vision? How coronavirus hit Softbank’s $100bn tech fund
TOKYO — Investors have been given a glimpse of plunging valuations at some of the world’s biggest startups after SoftBank Group admitted the Vision Fund — its $100bn wrapper of tech investments — had suffered a 1.8 trillion yen ($16.7 billion) investment loss in the year ended March. SoftBank had […]