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ARM China former CEO takes control; launches own company
By - Sep 01, 2021, 09:49 PM ET
Last Updated - Feb 12, 2024, 08:41 AM EST
Allen Wu has reportedly taken control of the company and attemptingto launch his own company called Alphatecture
By Shubhangi Mathur, 4:15 PM ET
The formerCEO of ARM China, Allen Wu has reportedly taken control of the company and attemptingto launch his own company called Alphatecture.
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Wu isaccused of using his position at ARM China to launch his company and has reportedlyoffered discounts on ARM China products to companies if they invest inAlphatecture.
ARM decidedto remove Wu for leveraging his position at the company but since he possessedthe seal of the company, he is the legal representative according to theChinese law.
To keep ARMemployees from entering the office, Wu had hired security, fired many employeesand sued ARM China calling his dismissal as CEO illegal.
A report byDylan Patel suggests that ARM has refused to transfer any IP from its newproducts to which Wu has responded by saying that ARM Limited would soonship a new “XPU” line of products consisting of AI accelerators and processingunits, image signal processors, security processors, and video processors.
Softbank, the parent organization of ARM, in 2018, agreed togive control of ARM China to the ARM Chine joint venture in which Softbank owns49% whereas Chinese owns 51% of the company.
With inputsfrom ExtremeTech
PictureCredits: ExtremeTech
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