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CAMBRIDGE (dpa-AFX) - British chip designer Arm Plc has plans to cut up to 1,000 jobs or about 15 percent of its workforce after its $40 billion sale to Nvidia collapsed last month, said reports.
Chip designer ARM is to cut 15 percent of its workforce, as it reverts to its backup plan of an initial public offering after the Nvidia deal collapse
After the purchase by NVIDIA fell through, ARM will need to cut up to 1,000 jobs. This comes right before the comany goes public.
Chip giant plans to cut up to 15pc of its global workforce in wake of failed Nvidia takeover
What are the topics covered? There's onsemi selling its South Portland fab in Maine fab, the resignation of Toshiba’s CEO Satoshi Tsunakawa, Intelsat exiting Chapter 11, Intel choosing Magdeburg in eastern Germany for a site location and the exit of executives at Arm...