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Arm raises nearly $5 billion for its IPO, but the chipmaker’s investments in China raise some concern.
SoftBank’s Arm Expects Over $52 Billion For Its IPO On Wall Street In Latest Valuation.
VinFast Surges On News Of Becoming World’s Third Most Valuable Automaker
Is investor appetite for the Chinese market dwindling? Chip designer Arm Holdings flags “significant” China risks, citing the country 350 times in its IPO filing. Meanwhile, Beijing’s espionage scheme to recruit overseas talents is back with a new name, this time attracting microchip experts amid U.S. bans.
A $1.5 million fine was dumped on a U.S. firm by Beijing, marking China’s latest clampdown on Western businesses. Meanwhile, Washington removed 27 Chinese companies from its export blacklist, as the U.S. commerce secretary prepares to visit China next week.
