ARM's Chinese CEO is revolting

Stefan Mileschin · 1st September 2021, 07:40

Appears to be taking ARM IP into new company

ARM's Chinese CEO has seized control of ARM’s Chinese business venture, ARM China and attempted to use IP to launch a new company.

Allen Wu is launching a new company called Alphatecture, and it is claimed that he is using his position at ARM China to pull the stunt off.

Companies have been offered discounts on ARM China products if they would invest in Alphatecture. While investors and ARM agreed to oust Wu for this behaviour in a board vote, 7-1, Wu has the seal of the company, which makes him its legal representative as far as Chinese law is concerned.

Meanwhile Wu hired security to keep ARM employees from entering ARM China, fired employees who did not wish him to take over the company, and sued ARM China to declare his own dismissal as CEO illegal.

Ironically this means Allen Wu (person) is suing Allen Wu (ARM China). ARM has responded by refusing to transfer any IP from its new products. The newest CPU core ARM China has access to is the Cortex-A77.

https://fudzilla.com/news/53456-arm-...o-is-revolting

1st September 2021, 07:40	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,650	ARM's Chinese CEO is revolting Appears to be taking ARM IP into new company ARM's Chinese CEO has seized control of ARM’s Chinese business venture, ARM China and attempted to use IP to launch a new company. Allen Wu is launching a new company called Alphatecture, and it is claimed that he is using his position at ARM China to pull the stunt off. Companies have been offered discounts on ARM China products if they would invest in Alphatecture. While investors and ARM agreed to oust Wu for this behaviour in a board vote, 7-1, Wu has the seal of the company, which makes him its legal representative as far as Chinese law is concerned. Meanwhile Wu hired security to keep ARM employees from entering ARM China, fired employees who did not wish him to take over the company, and sued ARM China to declare his own dismissal as CEO illegal. Ironically this means Allen Wu (person) is suing Allen Wu (ARM China). ARM has responded by refusing to transfer any IP from its new products. The newest CPU core ARM China has access to is the Cortex-A77. https://fudzilla.com/news/53456-arm-...o-is-revolting

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