Mysterious firm Lotcap seeks to take controlling stake in Arm China

Mysterious firm Lotcap seeks to take controlling stake in Arm China

Arm China’s office building in Shanghai in March 2020. Photo: VCG

Chip designer Arm Ltd.’s China joint venture could be acquired by a firm whose origin is shrouded in mystery, in the latest chapter of a two-year boardroom struggle with ousted Chairman and CEO Allen Wu.