ARM Processors are the foundations for all mobile chipsets we see today. Whether it be a Qualcomm Snapdragon, MediaTek Dimensity, Apple Silicon or Samsung Exynos chipset, chances are that all the aforementioned technologies are using ARM’s technology which includes its wildly popular ARM Cortex CPU Cores and ARM Mali GPUs.

In the early 2020s, Nvidia initially had plans to acquire the British semiconductor design company, ARM Limited, from its parent company, Softbank Group, the Japanese technology conglomerate headquartered in Tokyo for over 40 billion USD. However, Nvidia’s plan was disrupted due to rising regulatory conflicts with the US government and the acquisition was terminated in February 2022.

The aftermath of this was that Softbank now values its ARM chip-making business as more crucial to the entire tech industry. So valuable in fact, that Softbank is actually considering listing its ARM business as an entity on the US NASDAQ Stock Market to gain more funding to further develop the company.

According to Nikkei Asia, industry sources say that SoftBank wanted the NASDAQ IPO(Initial Public Offering) to take place by the end of March 2023, meaning that ARM needs to complete auditing between June and September this year, as per NASDAQ listing procedures.

However, ARM has one problem that has yet to be resolved to complete its internal organisation auditing, which is its tense relationship with ARM China, the Chinese subsidiary of ARM.

Ever since 2020, ARM has struggled to regain control of ARM China as the subsidiary’s head, Allen Wu, has refused to relinquish power despite a 7-1 board vote in June 2020 to kick him out. The spat has made it difficult for ARM to audit the financials of the company, creating a major stumbling block to an initial public offering in the US.

Because of this, ARM decided to now transfer its shares in its wayward China joint venture to a special purpose vehicle that it jointly owns with its parent SoftBank Group Corp. A partner at the U.S. law firm Katten Muchin Rosenman, Han Lijie, commented that creating a special purpose vehicle that will not be part of the offering will allow ARM to indirectly hold ARM China shares. That means it can treat ARM China as an investment rather than a subsidiary when reporting financials.

The move by ARM is seen to be clever, as it is now able to speed up its plans to go public if it decides to list in the US.

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(Via)

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The US-China trade war may soon cause Chinese companies listed on US stock markets to be delisted. Reuters reports that Baidu Inc. is planning to delist from Nasdaq due to the tension between its home country and the US.

The anonymous sources that revealed the info on the company’s plans, said discussions are still at an early stage and may change.

The sources also said Baidu believes it is undervalued on Nasdaq. The search engine’s shares are reported to have fallen more than 60% since they peaked in May 2018.

The company’s co-founder and Chief Executive, Robin Li, told China Daily that they were paying close attention to America’s tight scrutiny of Chinese companies listed on US stock markets.

For a good company, there are many choices of destinations for listing, not limited to the U.S. – robin Li, Co-founder of baidu,

Baidu, CTrip, and NetEase Inc. are reported to have had discussions with Hong Kong Exchanges and Clearing on a secondary listing just as Alibaba has done so as to have an investor base closer to home.

The US Senate passed a bill on Wednesday that may hinder the listing of Chinese companies on US exchanges unless they follow standards for US audits and regulations. Chinese companies looking to get listed on US exchanges may change their minds following the passage of the bill.

UP NEXT: Huawei US Exec: We will survive but American people will lose jobs

(Source)

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Recently, Xiaomi debuted at the Hong Kong stock exchange and their shares traded at HK$16.58 a piece. It helped Xiaomi to raise around HK$23.97 billion ($3.05 billion) on the debut run. Similarly, on Tuesday Xiaomi’s backed Viomi debuts at US-based Nasdaq stock exchange. It got the ticker symbol “VIOT” on Nasdaq and got IPO priced at $9 per ADS.

Viomi offered 11.4 million American Depositary Shares which allowed them to gather $103 million. Since the morning, Viomi started trading at the $9.50 which is significantly 5.56 percent more than the IPO price. Later, it rose to 9.66 and hit $10.95, then after fluctuation, it ended up below the IPO price at $8.97 per IPO.

It allowed the company to raise $103 million valuing the company at $811.8 million. There are many expectations from recent IPO at Nasdaq said Xiaoping Chan, co-founder, and CEO of Vomi. He further added, “By listing on the Nasdaq, Viomi hopes to better focus on the development of home appliance technology and further expand brand awareness, as Nasdaq is known as a tech-heavy stock exchange.” 

In May 2014, Viomi was founded with the help of Xiaomi. It deals purely in the IoT (Internet of Things) devices for home users. Its brochure packs various IoT-enabled home appliances, products, and commercial machines for businesses. Xiaomi has invested at the right time and in the right market as there will be high demand for IoT devices in the future. IPO will help Viomi to raise additional funds for the development of the company.

• Read More: Xiaomi reveals part of IPO capital will bankroll India expansion

Additionally, IoT devices consist of a network of physical devices embedded with electronics, softwares, sensors, and many other smart things. As per the recent report, China’s home appliances market will reach $176.5 billion from present $121 billion by 2022.

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Huami, makers of the Amazfit smartwatch line as well as Xiaomi’s Mi Band line has filed for a $150 million US IPO. The company filed with the US Securities and Exchange Commission on Friday.

Huami which was founded in 2013 will list as HMI on Nasdaq. It is reported to have filed confidentiality in November, 2017. Credit Suisee, Citi, and China Renaissance are listed as underwriters.

In the SEC filing, Huami revealed that it is the sole partner of Xiaomi for the design and manufacture of Xiaomi-branded smart bands, watches, scales, and associated wearables with the exception of children watches and quartz watches.

Huami goes on to say that Xiaomi which owns 19.3% of the company’s shares is the sole customer and distribution channel for Xiaomi wearables. Sales of Xiaomi products contributed 97.1% in 2015, 92.1% in 2016, and 82.4% for the nine months ended on September 30 in 2017 to its revenue.

Huami also sells its own products which are not made for Xiaomi under the “Amazfit” brand. Products under the Amazfit brand cater to the middle and high-end market.

READ MORE: Amazfit Cor Band Officially Up For Grabs In China For 299 yuan ($46)

It is also important to mention that Huami doesn’t handle the production (their’s and Xiaomi’s) themselves. According to the listing, the production of the Mi Band and Mi Smart Scale series is contracted out to a number of manufacturers while theirs is assigned to a corresponding manufacturer.

(Source| Via)

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