ARM Holdings

Huawei response to ARM

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Back to that memo chip designer ARM has sent to staff telling them to suspend business with Huawei.

This is what Huawei says: "We value our close relationships with our partners, but recognise the pressure some of them are under, as a result of politically motivated decisions. We are confident this regrettable situation can be resolved and our priority remains to continue to deliver world-class technology and products to our customers around the world.”

ARM gives SoftBank a boost

SoftBank, the Japan conglomerate that owns UK chip designer ARM Holdings, has reported a 49% increase in profit to 715bn yen ($4.9bn) for the quarter to June.

Profits were boosted by the sale of its stake in Indian e-commerce giant Flipkart to US retail giant Walmart as well as selling off most of ARM Holding's Chinese operations.