Thursday, July 30th 2020
Arm China Goes Rogue, Ex-CEO Blocking the Business
Arm Ltd., owned by Softbank, has a division specially tailored for China, called Arm China. That division used to operate in Shenzen and it cooperated with Chinese customers. Today in a surprising turn of events, we have information that UK-based Arm Ltd. accuses Arm China ex-CEO of blocking its business, as the Chinese division goes rogue. The Arm China division used to have Mr. Allen Wu as its CEO, who was fired back in June. However, Mr. Wu has refused to cooperate and refused to step down from his position, remaining in control of the business without the consent of UK-based headquarters.
The situation has escalated to a point where Mr. Wu is "propagating false information and creating a culture of fear and confusion among Arm China employees," says Arm in a statement for Bloomberg. "Allen's focus on his own self-preservation has also put China semiconductor innovation at risk as he has attempted to block the critical communication and support our China partners require from Arm for ongoing and future chip designs." It is also said that Mr. Wu has refused to hold an event meant to connect Chinese chipmakers to Arm Ltd. He has hired personal security so no Arm Ltd. representatives can get to him. It is a waiting game to see how well Arm Ltd. can manage this situation, so we have to wait and see.
Source:
Bloomberg
The situation has escalated to a point where Mr. Wu is "propagating false information and creating a culture of fear and confusion among Arm China employees," says Arm in a statement for Bloomberg. "Allen's focus on his own self-preservation has also put China semiconductor innovation at risk as he has attempted to block the critical communication and support our China partners require from Arm for ongoing and future chip designs." It is also said that Mr. Wu has refused to hold an event meant to connect Chinese chipmakers to Arm Ltd. He has hired personal security so no Arm Ltd. representatives can get to him. It is a waiting game to see how well Arm Ltd. can manage this situation, so we have to wait and see.
70 Comments on Arm China Goes Rogue, Ex-CEO Blocking the Business
Point:
You don't go from fighting a country for decades to being "Friends" in just 4 short years. The Vietnam war ended in 1975 and the Chinese had been sending troops in against us (U.S.) all that time and earlier in the Korean war. In both conflicts Chinese soldiers were well involved..... But we weren't "Officially" at war with them at any time.
Eversince China was taken over by the CCP in 49 they have been at odds with the rest of the world in some form or another. This is just the latest move, undoubtedly backed and sanctioned by the CCP as part of it's plan of "Manifest Destiny".
Make of it what you will but I already know to never trust China.
I've said it before and I'll say it again, a country that doesn't produce its own stuff is a country that's beholden to other countries. All it would take is a trade deal to go wrong and your country is screwed.And who's to say that China won't steal more?
The whole world needs to come down HARD on China with sanctions so bad that their great grandchildren will feel it.
This is going to be a big incident. It would be interesting to see how this plays out. If CCP explicitly supports this man, will/can anyone actually do anything, aside from some heated speech?
For example, they have the means and know how to manufacture ball bearings - We do not and as far as I know ATM we don't even know how to do it anymore either. Even if we still know how there's the issue of the facilities, machines, training the workforce to do it and so on to deal with.
That tech was sent overseas to them along with practically everything else they didn't steal, the facilities and so on disappeared (No longer needed at the time) and we're now in a dependent state of being..... Just as the CCP had planned all along.
It's simple fact - You don't manufacture and sell, you don't thrive and that was something the CCP learned long ago and manipulated things in their favor over time, hence the current situation.
More, China had produced more steel than the rest of the world had in its entire history by the early 2000’s. Sure, on the backs of ostensibly slave labor, but they’re a producer, and capitalist par excellence (re: China is uniquely bad, see every other rapid industrialization).
We won't even get into rare earth metals.
The Chinese aren't dumb, CCP or otherwise - Can't say the same however for the business leaders here along the way.
You are correct in that those jobs were given away willingly, that's true but they also had to convince the owners (Businessmen) they would want to.
And of course they did.
Those guys coudn't see anything past the $$ signs thrown in their face and the CCP knew that would be the case when they did it.
So here we are.
Take an average broom, yes... a broom. You know, that think you use to sweep the floor with. A cheap Chinese broom costs $10. How long will it last until the bristles have turned to crap? Meanwhile, if you had bought an American-made broom you're probably going to pay more for it but in the end, you'll probably be passing it down to your children decades later.
The person who shops at walmart buy's cheap chinese stuff. The person who shops at an upscale store buys expensive chinese stuff w/ a better name brand slapped on it. Sometimes you get better quality by corporations that enforce better QC, but it's all the same crap pretty much.
Where I used to live we had two grocery stores that had been in business for years, knew the owners of both and so did everyone else. Wal-Mart opened up in the next town over and it wasn't long before both were gone.
You can blame the shoppers (True) but at the same time you can't blame them for wanting something that was cheaper.
It was the same for the local clothing store, general retail (Western Auto) and almost everyone else afterwards.