Home ETF News ARM Holdings to invest $1.4 billion-plus on Sichuan project: Xinhua By Reuters

ARM Holdings to invest $1.4 billion-plus on Sichuan project: Xinhua By Reuters

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© Reuters. ARM Holdings to invest $1.4 billion-plus on Sichuan project: Xinhua

BEIJING (Reuters) – Chip design company ARM Holdings (LON:)’ Chinese subsidiary has signed an agreement with southwestern Sichuan province for a more than 10 billion yuan ($1.4 billion) research and development project, the official Xinhua news agency reported on Tuesday.

ARM, owned by Japan’s Softbank Group, will build a new complex on a site of about 200,000 square meters for microchip research and development, the report said.

($1 = 6.9576 renminbi)

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