Arm is to return to focusing on semiconductor IP following the decision to spin out its IoT operations to separate groups within the parent company, Softbank.
Although the move is still subject to board approval and staff consultation, Arm plans to transfer its two IoT services group (ISG) businesses, IoT Platform and Treasure Data, to new entities that would be owned and operated by SoftBank Group. Assuming approval, the split would be complete by the end of September.
“SoftBank’s experience in managing fast-growing, early-stage businesses would enable ISG to maximize its value in capturing the data opportunity. Arm would be in a stronger position to innovate in our core IP roadmap and provide our partners with greater support to capture the expanding opportunities for compute solutions across a range of markets,” said Arm CEO Simon Segars.