SoftBank's ARM to cede control of Chinese operations to new local joint venture

SoftBank's ARM to cede control of Chinese operations to new local joint venture

Pedestrians walk past a SoftBank Group Corp. store in Tokyo, Japan. Photographer: Tomohiro Ohsumi

SoftBank Group Corp said on Tuesday its subsidiary ARM Holdings will cede control of its Chinese operations to a new joint venture with Chinese partners, a move aimed at expanding its business in the country.

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