Arm has just announced that it is planning to spin off two of its IoT businesses. Earlier today, the known chip designer said that it would be transferring these divisions to SoftBank Group, who had also acquired Arm back in 2016.
With the announcement, Arm also mentioned that it would be focusing on its core business, which is its semiconductor IP business. The firm is a known chip designer and its architecture has been used by various different companies. Furthermore, the transfer of these two businesses is currently pending additional review from the company’s board, although, this process is expected to be completed before the end of September.
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The move from Arm will have it see its way out of the IoT Platform and Treasure Data businesses, but, the company said that it would continue to cooperate with the ISG (IoT Services Group) businesses. In other words, Arm will retain its business on the compute IP aspect of the IoT, while the data software and services aspects will be handled by the two divisions individually.
According to ARM CEO, Simon Segars, “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.”
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(Via)
