- It plans to transfer its two IoT Services Group (ISG) businesses, IoT Platform and Treasure Data, to new entities that would be owned and operated by SoftBank Group Corp. and its affiliates
- Arm partners have shipped more than 165 billion Arm-based chips and an average of more than 22 billion per year over the past three years
Arm has proposed to transfer its two IoT Services Group (ISG) businesses, IoT Platform and Treasure Data, to new entities that would be owned and operated by SoftBank Group Corp. and its affiliates. It said that after completion of this proposed transfer, It will deepen its focus on its core semiconductor IP business and it expects to continue collaborating with the new ISG businesses
Simon Segars, chief executive officer, Arm said, “Arm believes there are great opportunities in the symbiotic growth of data and compute.SoftBank’s experience in managing fast-growing, early-stage businesses would enable ISG to maximize its value in capturing the data opportunity. Arm would be in a stronger position to innovate in our core IP roadmap and provide our partners with greater support to capture the expanding opportunities for compute solutions across a range of markets.”
Expected to be finalised by the end of September 2020
The company said that the transfer of the ISG businesses is subject to further board review, customary closing conditions, consultation with local staff representatives (where applicable). It added if approved, it is expected to be finalised by the end of September 2020.
Arm said that till now, Arm partners have shipped more than 165 billion Arm-based chips, and an average of more than 22 billion per year over the past three years. This has happened as the demand for computing has increased with the proliferation of IoT, 5G and AI.
