Arm China finally boots rogue CEO that’s held it hostage with a ‘chop’ for years

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Arm China has lastly changed renegade CEO Allen Wu almost two years following Wu’s dismissal by the corporate’s board. How did he stick round so lengthy, you ask? He had possession of the corporate’s seal stamp, referred to as a ‘chop’—a centuries-old enterprise observe likened to a extra formal signature within the West—handing him the power to successfully ignore what he was instructed by the board and proceed doing what he appreciated.

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Arm China is definitely a three way partnership between Arm, the UK-based chip designer owned by Japanese agency Softbank, and a Chinese language funding agency referred to as Hopu. Arm Ltd solely owns a minority stake, however its involvement is vital as one of many world’s largest chip designers.

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