SoftBank-owned ARM to suspend business with Huawei

Photo by Alexandre Debiève on Unsplash

Major British-based chip designer ARM is suspending business with China’s Huawei to comply with U.S. regulations, the BBC reported on Wednesday, citing internal company documents.

ARM instructed employees to halt “all active contracts, support entitlements, and any pending engagements” with Huawei and its subsidiaries, the BBC said.

No one from ARM, one of the world’s biggest chip designers alongside Intel, was immediately available for comment.

ARM, owned by Japanese investor Softbank, said in an internal company memo that its designs contained technology of U.S. origin, the BBC reported.

ARM staff were informed of the decision on May 16, after the United States added Huawei to a list of companies with which U.S. firms could not do business. ARM has offices in California, Washington, Texas and Massachusetts.

ARM told staff they were no longer allowed to “provide support, delivery technology (whether software, code, or other updates), engage in technical discussions, or otherwise discuss technical matters” with Huawei, according to the memo seen by the BBC.

Reuters

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.