Japan's richest man has suffered serious "blood loss", and the ARM headquarters, the king of mobile chips, will also lay off 20% of its staff
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Update time : 2022-10-07 17:24:31
As the king of global mobile chips, ARM has not had a good time in the past two years. Although Apple, Qualcomm, Samsung, MediaTek and other customers are using their IP licenses, the demand for PCs and computers has dropped sharply this year, and the parent company SoftBank has lost too much money., Masayoshi Son, the richest man in Japan, can't stand it anymore, and ARM has to consider layoffs.
According to British media reports, ARM has reduced the total number of employees in the UK headquarters by 20%, but this result obviously violates the promise made by Masayoshi Son when he acquired ARM a few years ago, when SoftBank promised to increase investment in the UK and increase the number of talents. ARM's current challenge is not only from the decline in demand in the chip market, but also the key to the parent company SoftBank's loss of too much money in recent years. According to the financial report released in August this year, SoftBank reported a loss of 3.16 trillion yen (about 164.4 billion yuan), which continued to expand from the previous quarter's 2.1 trillion yen loss, which means that SoftBank recorded its largest quarterly loss in history for the second consecutive quarter. SoftBank blamed the market valuation of the Vision Fund portfolio for the collapse and foreign exchange fluctuations. Regarding how to revive the company next, Masayoshi Son, 64, said that he would cut costs across the board. For SoftBank, in 2016 spent $32 billion to acquire ARM company has now become a hot potato, ARM's own revenue and profit is very low, was sold to NVIDIA in 2020 at a price of $40 billion, the results were opposed by the US FTC, so that the transaction was cancelled. SoftBank still wants to sell ARM. The latest rumor is that Samsung is preparing to join a number of companies to take over. Masayoshi Son and Samsung leader Lee Jae-yong will soon talk about the matter, but it is quite difficult to sell ARM. The anti-monopoly review of various countries is a big trouble.
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