Page 36 - Eric Chen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Recent moves in China could pave the way to Arm's initial public offering in the next year, with possible consequences for China's biggest equipment maker.

According to Reuters, Allen Wu has been replaced and all Chinese legal proceedings have been completed.

Leading industrial PC maker Advantech Co (研華) on Friday reported record revenue and profit for this year’s first quarter, but said component shortages, as well as COVID-19 lockdowns and logistics constraints in China, would affect its revenue outlook in the second quarter. “Benefiting from steady recovery from major markets and strong demand for new energy such as electric vehicles, solar and wind power, Advantech continuously outperformed in the first quarter of 2022,” Advantech chief financial officer and Eric Chen (陳清熙), who is also president of general management, said in a...

The co-CEOs are backed by new business registration documents, and a new seal issued by Chinese governmental authorities in Shenzhen.

Allen Wu was dismissed two years ago for alleged conflicts of interest but refused to leave.