The new leadership of ARM Technology held an employee meeting to emphasize the "four unchanged" aspects of future development

ARM Technology (China) Co., Ltd. (hereinafter referred to as "ARM Technology") held an online general meeting of employees in multiple offices. The company's new co-CEOs, Mr. Liu Renchen and Mr. Chen Xun, made a joint appearance and had in-depth communication with employees on the company's next phase of plans. During the period, the new leadership emphasized that the changes in the company's leadership and board of directors will not change ARM Technology as an independent company with a majority stake held by Chinese investors. ARM Technology will continue to have an independent development present and future. In addition, during the transition period, the new leadership will focus on stabilizing the company's operations and ensuring the active development of various businesses.

With the arrival of the new leadership, what is the future development direction of Arm Technology ? In this regard, Liu Renchen emphasized at the meeting:

First , the independence of ARM Technology remains unchanged. The change of the company's legal representative and CEO is not a unilateral act of any foreign shareholder. Therefore, the so-called "certain foreign shareholders took back the joint venture" is completely false.

Second , ARM's strategy remains unchanged. The change in leadership does not affect ARM's positioning and development as an independent company with a majority stake held by Chinese investors, and it will continue to maintain independent development in the future and continue to provide services and support for the development of relevant industries in China.

Third , Arm's commitment to its employees remains unchanged. Regarding the Employee Stock Ownership Plan (ESOP), the company's board of directors promised that, under the leadership of the new leadership, once the company has successfully transitioned and operations have returned to normal, it will immediately implement the ESOP and issue options to existing Arm employees.

Fourth , the framework of ARM's organizational structure remains unchanged, and there is no plan for compulsory layoffs. The new leadership will continue to deepen the talent strategy, continue to attract, train and make good use of talents.

The new leadership is full of confidence in the future development of ARM Technology , especially today when China is vigorously developing core technologies. ARM Technology is in a new stage of development with the right time, place and people.

In this regard, Chen Xun said that China is now the most active market for the development of semiconductors and core computing technologies in the world , with a chip design industry with an annual output value of over 100 billion yuan, and is second to none in terms of market size. Today, Arm Technology has the strong support of both Chinese shareholders and foreign shareholders. Many partners will continue to support Arm Technology's layout in the Chinese market and future development guidelines, adhere to their commitments to the Chinese market, and look forward to working closely with Arm Technology under the existing strategic framework under the leadership of the new leadership to accelerate development.

At present, with the official appointment and takeover of the new leadership, the two-year disagreement between the board of directors and the company's former CEO has finally come to an end. The Shenzhen Municipal Market Supervision Administration has also officially registered Liu Renchen as the company's legal representative and general manager, and has issued a new business license and official seal to the company. Next, under the leadership of the new leadership, Arm Technology will continue to help the development of China's semiconductor industry and make greater contributions to the development of China's technology industry.