ARM China staff post open letter pledging loyalty to Allen Wu
Following ARM’s announcement that it had ousted Allen Wu as CEO of its China subsidiary ARM China staff have posted an open letter on the subsidiaries website opposing the change.
On April 29 processor intellectual property licensor ARM Ltd., Hopu Investment, and SoftBank Group, the principal shareholders in ARM China, announced that Renchen Liu and Eric Chen had been appointed as co-CEOs replacing Allen Wu who they had attempted to sack in June 2020. They also stated that Liu had been accepted by the local Shenzhen government as the company’s legal representative (see ARM moves to regain control in China, clear path to IPO).
ARM China will continue to be the exclusive commercial distribution channel for ARM to license its IP to Chinese licensees. ARM China will also continue to develop its own IP the company said.
But it appears that ARM China’s staff are not in favour of a management change. They have posted an open-letter on the ARM China website (see www.armchina.com)
This states that the senior management of ARM China and more than 430 employees have signed in opposition to efforts by Softbank to control the company in which it is not a majority shareholder and insisting on an independent future for the company. A photograph appears to show 107 names although it also states the collection of signatures is still in progress.
The pre-amble to the open letter states that the acceptance of a change of legal representative by the Shenzhen Market Supervision and Administration Bureau was legally flawed.
The statement concludes: “The ARM Technology team will adhere to the leadership of Allen Wu, unswervingly follow the path of independent and self-improvement development, and work together to build ARM Technology into a great Chinese technology company!”
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