Slaughter and May advised Arm on the establishment of a joint venture for Arm’s semiconductor technology in China10 Jul 2018
Slaughter and May advised Arm Limited on the sale of a 51% stake in its Chinese subsidiary, Arm Technology (China) Co., Ltd. (“Arm China”), to entities representing certain financial investors and certain of Arm's ecosystem partners in order to form a joint venture for Arm's existing semiconductor technology IP business in China. The transaction values Arm China at US$1.52 billion.
The joint venture, which will license Arm semiconductor technology to Chinese companies and locally develop Arm technology in China, is expected to expand Arm's opportunities in the Chinese market. Arm will continue to receive a significant proportion of all licence, royalty, software and services revenues arising from Arm China's licensing of Arm semiconductor products.
Zhong Lun advised Arm on the Chinese law aspects of the transaction.
Corporate: Chris McGaffin (partner), Christian Boney (partner), Harry Hecht (associate), Emma Primrose (associate), Matthew Carey (associate); IP/IT: Rob Sumroy (partner), Laura Houston (associate), Ian Ranson (associate); Tax: Dominic Robertson (partner), Charles Osborne (associate)
List of all recent work