ARM: China subsidiary did not go rogue

Confusion surrounds the Chinese subsidiary of the UK’s major semiconductor services provider ARM: The company is denying reports stating that China-CEO Allen Wu has gone independent with the company’s intellectual property. It is true that the parent company and the China subsidiary have been clashing for some time now. ARM wanted to fire its China chief Allen Wu last year, but Wu refused to leave. A legal battle ensued. Meanwhile, it turned out that Wu pursued his own business interests and apparently shifted orders back and forth between his own companies and ARM China.