"SoftBank CEO Optimistic About Arm China's Performance Despite Reduced China Exposure"
Arm Holdings CEO Rene Haas stated that Arm's China subsidiary is performing well, particularly in data center and automotive applications, despite geopolitical challenges. However, SoftBank CEO Masayoshi Son revealed that SoftBank has significantly reduced its exposure in China. Arm's dependence on Chinese customers remains, as they still purchase the company's semiconductor technology and designs. The Biden administration's export controls on high-powered semiconductors and fresh outbound investment restrictions on key technology sectors may further impact Arm's relationship with its China subsidiary. SoftBank's reduced exposure in China is attributed to its own portfolio concerns, including losses from its Vision Fund and pressure on TikTok owner ByteDance from the U.S. government.