DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
August 15, 2020 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 261 people online.

 

Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
 

Follow us
RSS
 

Ex-CEO of ARM China refuses to step down

Posted on Friday, July 31 2020 @ 12:59:52 CEST by


ARM
In an unusual turn of events, the former CEO of ARM's China subsidiary is refusing to step down. Last month, ARM fired Allen Wu over undisclosed breaches of conduct but Wu refuses to hand over control. Bloomberg reports the ousted CEO of ARM China even hired own security guards to block ARM executives from entering the premises:
Wu has hired his own security and won’t let representatives of Arm Ltd. or his board on the premises, said a person familiar with the situation. He’s refused to hold a planned event to connect Chinese chipmakers with Arm Ltd. and avoided negotiations despite public statements to the contrary, said the person, who asked not to be named.

Wu is “propagating false information and creating a culture of fear and confusion among Arm China employees,” the U.K.-based company said in a statement. “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.”
ARM China deals with local customers like Huawei and is a strategic piece of ARM's business as it has exclusive rights to sell ARM's product in the country. Bloomberg says Wu got fired in June after the discovery that he set up an investment firm to compete with ARM's Chinese business.

Under Chinese law, Wu is the holder of key registration documents as he is the legal representative of ARM China. He holds the company seal, which needs to be given up to change the legal representative of ARM China.

ARM China claims no wrongdoing, they dispute ARM's claims and add that Wu is open to talks and there have been no disruptions in business between ARM and its Chinese clients.

Bloomberg report the case will be an interesting test of China's willingness to protect foreign investment in the country. A poor resolution may cause firms to think twice about future investment in the country.



 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba