Former Arm China CEO Allen Wu speaks at the World Internet Conference held at Wuzhen in 2018. Photo: SCMP/Simon Song
Former Arm China CEO Allen Wu speaks at the World Internet Conference held at Wuzhen in 2018. Photo: SCMP/Simon Song

Controlling stake in Arm China may shift to little-known entity as chip joint venture’s ownership saga drags on

  • Lotcap Group said it has agreed a letter of intent with Chinese shareholders of Arm China to buy a 51 per cent stake in the joint venture
  • The statement did not include any names or specific contact information for Lotcap, apart from an email address

Former Arm China CEO Allen Wu speaks at the World Internet Conference held at Wuzhen in 2018. Photo: SCMP/Simon Song
Former Arm China CEO Allen Wu speaks at the World Internet Conference held at Wuzhen in 2018. Photo: SCMP/Simon Song
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