Control of Arm’s China business transferred to Chinese investors

The jv is called ‘Arm mini China’ and Chinese investors own 51% of the jv’s equity.

The other 49% is held by Softbank.

There is talk of an IPO of Arm mini China which might help reduce Softbank s $147 billion debt.

Arm mini China will handle all Arm’s licensing and royalty deals in China.

The transfer is seen by some as a backdoor way by which China acquires Western chip technology which has been denied to them after the US blocked many Chinese attempts to buy US chip companies to acquire their technology.