Chip Designer Arm Committed to China, CEO Says

British chip designer Arm Holdings Plc remains committed to China and to working closely with its mainland-based partner following its $4.87 billion IPO, according to chief executive Rene Haas.

The Softbank-backed firm floated in New York last week via the world’s largest public offering year-to-date. But that has not affected its strategy globally.

“We are very, very committed to the China market through our partner, Arm China,” Haas told Chinese media in an online interview Monday. “The IPO doesn’t really change anything in terms of China for us and it doesn’t really change how we work with Arm in China. We will work with them the same as a public company the way we did as a private company.”