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SoftBank seeks US clarification on Huawei’s trade ban as it aims to re-list chip design firm ARM
- ARM designs chips that are licensed to the world’s largest technology companies
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Masayoshi Son, the founder, chairman and chief executive of Japanese conglomerate SoftBank Group Corp, says he wants to re-list ARM Holdings within five years, reintroducing stock markets to the British semiconductor design firm that his company bought for US$32 billion in 2016.
Tokyo-based SoftBank has not yet decided where the public offering will be held, Son said at the G2 and Beyond Conference in Taipei on Saturday.
At the same event, Son said ARM is complying with the US government’s restrictions on telecommunications equipment maker Huawei Technologies, but is currently seeking clarification on them.
On ARM’s relationship with Huawei in the face of the US trade ban, Son said ARM respects both the US and its own links with China.
Founded in 1990, ARM steadily grew into the UK’s largest listed technology company before SoftBank’s takeover.
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