ARM China Goes Rogue, Ex-CEO Blocking the Business

[erek]

"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."

https://www.techpowerup.com/270474/arm-china-goes-rogue-ex-ceo-blocking-the-business

 

[Jinto]

It is ARM + at least one of the Chinese shareholders vs some other shareholders and both are appealing to Beijing for help. Classic boardroom fight between minority shareholders. The joke in the industry is that it is as simple as ABC: an American CEO trying to hijack a British company in China.

 

[1337Goat]

As simple as ABC.

You must have loved making that joke. =p

All this means though is more turmoil for people just trying to do their jobs and create cool stuff.
It's the sort of thing where you'd need a lot more information before we can begin to ponder who's truly in the right and has the best ideas.

In the end, power through mere money is always second to power through having better ideas. The CEO or shareholder who is able to influence a company into an innovative, benevolent direction will always get my support, as well as secure profits in the long-term.

 

[Bowman15]

It is ARM + at least one of the Chinese shareholders vs some other shareholders and both are appealing to Beijing for help. Classic boardroom fight between minority shareholders. The joke in the industry is that it is as simple as ABC: an American CEO trying to hijack a British company in China.

To be perfectly honest I'm all for anything we can do to stick it to China...

 

[1_rick]

It's the sort of thing where you'd need a lot more information before we can begin to ponder who's truly in the right and has the best ideas.

Listen, if ARM were a chemical company and not a chip designer, after hearing that the CEO's supposedly hired security to keep the board out, we'd be making Resident Evil jokes.