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Benzinga
Benzinga
World
Navdeep Yadav

Arm China Fires CEO But He Refuses To Just Pack His Bags And Leave

Arm China — a Shanghai-based joint venture between Arm Ltd and Chinese private equity firm Hopu Investment — on Thursday said its former CEO Allen Wu was refusing to relinquish his role despite being fired last week. The company said it would overhaul the communication systems to protect against any misuse by Wu and his supporters, according to Reuters.

This came after the company's Chinese website appeared to be carrying a letter from staff protesting the ouster of Wu.

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