Arm to sell majority stake in Chinese subsidiary to form joint venture

Arm Limited agreed to sell a 51% stake in its Chinese subsidiary Arm Technology (China) Co., Ltd. for $775.2 million to financial investors and ecosystem partners, forming a joint venture for Arm's semiconductor technology IP business in China. The transaction is expected to close in June 2018.

“Arm believes this joint venture, which will license Arm semiconductor technology to Chinese companies and locally develop Arm technology in China, will expand Arm's opportunities in the Chinese market.”group.softbank

• 1 source
• group.softbankEstablishment of Joint Venture for China Business at Subsidiary Arm | SoftBank Group Corp.Jun 5, 2018

Summarized from public sources; check the original articles before acting on it.