Arm Holdings Lays Off Over 70 Software Engineers in China Amid Industry Downturn

The company plans to restructure its resources to provide direct support to local developers, as China's contribution to global sales dips and U.S. export restrictions pose challenges.

• Arm Holdings has laid off over 70 software engineers in China, reflecting the downturn in the semiconductor industry.
• About 15 of the laid-off staff are expected to be offered alternative roles related to projects within China.
• The company is restructuring its China software engineering resources to provide direct support to local developers.
• China's share in Arm's global sales has dipped from 25% to approximately 20%.
• Arm's operations have been impacted by U.S. restrictions on technology exports to Chinese companies.

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