Arm, the UK chip designer owned by SoftBank, is fighting a boardroom battle with its Chinese joint venture after it tried to oust its chief executive.
In a series of statements on Wednesday, the UK group said Arm China’s board of directors had voted on June 4 to replace Allen Wu as chairman and chief executive, and appointed a pair of co-CEOs on an interim basis.
But Arm China has rejected the claim, with a statement on its official account on the social media platform Weibo saying that Mr Wu “continues to serve as its CEO”.
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