ARM China Executive Chairman and CEO Allen Wu was removed from his post, according to 21jingji.com.
Sources with knowledge said the matter has been simmering last week and also involves legal formalities such as the replacement of the legal entity so it have not been announced yet.
ARM China's board of directors has appointed Ken Phua and Phil Tang as its executive chairman and CEO. The interim co-CEO of ARM China succeeded Allen Wu as chairman and CEO.
Subsequently, an announcement signed by ARM China circulated on the Internet, saying that it had not been announced in the Board of Directors was convened on June 4, and therefore shall be null and void for having convened the Board of Directors without due process of law.
ARM China is a joint venture between ARM and HOPU-ARM on May 14, 2018. Innovation Fund establishes a joint venture to serve domestic chip companies.
ARM is the chip architecture company of Japan's Softbank Group, which is used in more than 95% of the world's smartphones.
The HOPU-ARM Innovation Fund was founded in January 2018 as a A private equity fund jointly managed by Investment and ARM.
Its founding members include CIC, Silk Road Fund, Temasek, Shenzhen Shenye Group, HOPU Investment and ARM.
More than 95% of China's domestic SoCs are based on the Arm architecture, an open architecture that offers a number of advantages in terms of open source, energy efficiency, cost, and performance.
Internet analysts believe that the removal of ARM China CEO Allen Wu appears to be the result of the current The CEO is at odds with the board of ARM China, but it's not known if there are other reasons behind it.
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