Allen Wu, chief executive of Arm Technology (China) Co, presents the company’s artificial intelligence platform Zhouyi at the 5th World Internet Conference held in Wuzhen, in eastern Zhejiang province, on November 7, 2018. Photo: Simon Song Allen Wu, chief executive of Arm Technology (China) Co, presents the company’s artificial intelligence platform Zhouyi at the 5th World Internet Conference held in Wuzhen, in eastern Zhejiang province, on November 7, 2018. Photo: Simon Song
Allen Wu, chief executive of Arm Technology (China) Co, presents the company’s artificial intelligence platform Zhouyi at the 5th World Internet Conference held in Wuzhen, in eastern Zhejiang province, on November 7, 2018. Photo: Simon Song

SoftBank chip company Arm fired its China CEO for starting a competing fund

  • Allen Wu, head of Arm’s Chinese venture, established a fund called Alphatecture whose aim is to invest in companies that use its chip technology
  • That move put Wu in direct competition with his employers, which is an allegation that Arm China said was ‘inaccurate and misleading’

Topic |   Semiconductors
Allen Wu, chief executive of Arm Technology (China) Co, presents the company’s artificial intelligence platform Zhouyi at the 5th World Internet Conference held in Wuzhen, in eastern Zhejiang province, on November 7, 2018. Photo: Simon Song Allen Wu, chief executive of Arm Technology (China) Co, presents the company’s artificial intelligence platform Zhouyi at the 5th World Internet Conference held in Wuzhen, in eastern Zhejiang province, on November 7, 2018. Photo: Simon Song
Allen Wu, chief executive of Arm Technology (China) Co, presents the company’s artificial intelligence platform Zhouyi at the 5th World Internet Conference held in Wuzhen, in eastern Zhejiang province, on November 7, 2018. Photo: Simon Song
READ FULL ARTICLE