A host of risks stemming from China are casting a cloud over the chip designer's listing plans.
Mohamed Awad, Arm’s Senior Vice President and General Manager for the Infrastructure Line of Business, speaking at a keynote on the “next big leap in computing”, held during COMPUTEX, in Taipei, Taiwan. May 31, 2023. Credit: Arm
Wall Street bankers may be salivating at the upcoming flotation of Arm Holdings, the British company whose chip designs help power most of the world’s smartphones. Yet even though Arm has become the world’s dominant provider of a nearly indispensable product, it has a clear Achilles’ heel: its relationship with China.
With so-called ‘cornerstone’ investors including Apple, Google and Nvidia already signed up, Arm this week said it is aiming for a market capitalization of up to $52 b
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California-based Jupiter Systems sold high-tech wall screens to U.S. military and government clients. On June 14, The Wire China revealed how Jupiter was sold to a Chinese company in 2020 without the first Trump administration’s knowledge. Now Trump is back and on the case as Jupiter teeters on the verge of bankruptcy.
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