SoftBank confirms sell-off of ARM China stake
June 20, 2018 // By Peter Clarke, eeNews Europe
SoftBank Group Corp., the owner of leading IP licensor ARM Ltd., has confirmed that it has agreed to sell a majority stake in ARM's Chinese trading subsidiary to financial investors and certain ARM ecosystem partners.
The move had been previously reported (see Report: Control of ARM's China business passes to JV ) and was thought to include China Investment Corp:, Silk Road Fund, Singapore's Temasak Holdings, ARM, Hopu Investment Management and Shum Yip Group.
SoftBank has now provided more detail in that it has said that ARM will sell 51 percent of its equity interest in Arm China for US$775.2 million to the investors. However, it did not confirm the participants, saying the names were not disclosed at the request of the relevant parties. It said the transaction was expected to close in June 2018.
E-mail This Article | Printer-Friendly Page |
|
Arm Ltd Hot IP
Related News
Breaking News
- Arm revenues up 47%; shares fall
- Sondrel awarded new Video Processor ASIC design and supply contract for a leading provider of High-Performance Video systems
- X-Silicon Announces a NEW Low-Power Open-Standard Vulkan-Enabled C-GPU™ - a RISC-V Vector CPU Infused with GPU ISA and AI/ML acceleration in a Single Processor Core
- Softbank reported to be in talks to buy Graphcore
- VESA Elevates PC and Laptop HDR Display Performance with Updated DisplayHDR Specification
Most Popular
- Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
- Fabless semiconductor startup Mindgrove launches India's first indigenously designed commercial high-performance MCU chip
- sureCore announces successful tape-out of cryogenic IP demonstrator
- Siemens delivers end-to-end silicon quality assurance for next-generation IC designs with new Solido IP Validation Suite
- Announcing Availability of Silicon-Proven 12bit 1Msps SAR ADC IP Core for Whitebox Licensing with Royalty Free