SoftBank-owned chipmaker Arm's China JV lays off workers as outlook grim

SoftBank-owned chipmaker Arm's China JV lays off workers as outlook grim

FILE PHOTO: SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo

SoftBank Group Corp‘s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to two sources familiar with the situation.

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