# 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.

- Type: Acquisition
- Announced: 2018-06-05
- Where: China
- Value: $775.2M
- Status: announced
- Products: semiconductor technology IP
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Arm](https://endata.com/companies/15433.md)
- [SoftBank Group](https://endata.com/companies/15862.md) (investor)
- [Arm Technology (China)](https://endata.com/companies/32375.md) (target)

## Sources

- [group.softbank](https://group.softbank/en/news/press/20180605), 2018-06-05: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.