Arm to transfer software businesses to SoftBank, focus on core chips biz

Arm to transfer software businesses to SoftBank, focus on core chips biz

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File photo

Arm Ltd plans to transfer two software businesses to its Japan-based parent, SoftBank Group Corp, in a strategic shift to focus on growing its core chip businesses, the British-based company said on Tuesday.

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