Thursday, March 23, 2023
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Arm CEO passes his harsh judgement on NVIDIA’s failed attempt at his company’s acquisition

The unsuccessful acquisition of Arm by Nvidia has been a costly and public disaster. As a result, SoftBank will try to recoup its Arm investment by selling the UK-based chip designer in an initial public offering (IPO).

Allen Wu, Chairman and CEO of Arm China, was recently interviewed by JW Insights, and the Q&A session was published this weekend. Wu was only asked about two things: the impact of the Nvidia takeover failure and whether or not what transpired teaches Chinese companies anything.

We explained mergers, collaboration, and laws in further depth. On the other hand, Wu is widely seen as a renegade CEO who simply refuses to be fired, and he appeared ignorant to the fact that he is one of the most significant obstacles to any Arm IPO file.

We began the interview by emphasising the relevance of Arm to the entire IT industry chain. Many industry experts have said it before, but Arm must maintain a neutral stance, according to Wu, who claims that the failure of Nvidia’s takeover of Arm was a win for practically everyone except Nvidia.

Following that, Wu discussed how industry and corporate laws are becoming increasingly stringent, making large-scale mergers and acquisitions (M&A) more challenging. We proposed that tech businesses look upon the Arm China subsidiary as a success storey, ratcheting the lack of self-awareness even more. As a result, he recommended IT companies pursue technical and patent licencing and joint ventures (such as Arm China) to expand their businesses rather than pursuing M & M&A.

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Source

Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.

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