People need to wake up to the fact that China being a potential market of >1B people is an illusion. This is particularly relevant for any tech company. Let me spell it out: Chinese companies are extensions of the state. They are tools of Chinese foreign and trade policy. What cooperation you think US companies provide the US government, it is nothing in comparison. The Chinese government will ensure that no Western…
Not sure how did you get the idea that the market was not there. Arm China had stellar financial results. Arm holding, with 49% share of the company, has significant upside to gain from the market. And this fiasco is partly a misconduct of Mr. Wu, showing no signs of being directed by Chinese investors. And partly because of Trump's tech ban, which obviously affect arm China's prospect. And then this statement: > I b…
This is because clients and accounts that previously belonged to Arm had to be handed over to Arm China if Arm wanted to continue doing any business with Chinese firms, regardless of whether they'd actually courted their business.
This is like picking your left pocket and arguing that you stand to gain because I'm putting some of the money back into your right pocket. I'm still robbing you, even if I'm giving you some of your own money back.