Arm Sells Stake in China JV as EU Warns of Unfair Practice
Nitin Dahad, eeTimes
6/7/2018 00:01 AM EDT
Arm had already transferred its IP to the joint venture last month, enabling its Chinese operation to enable local chip developers license technology directly in China. This has raised alarm bells within the European Union, with the EU Commissioner for Trade, Cecilia Malmström, launching legal proceedings last week in the World Trade Organization (WTO) against Chinese legislation that undermines the intellectual property rights of European companies.
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