Arm to shed IoT software business, focus on chip design

With a plan to deepen its focus on its core semiconductor IP business, Arm is proposing to transfer its two IoT Services Group (ISG) businesses, IoT Platform and Treasure Data, to new entities that would be owned and operated by SoftBank Group Corp. and its affiliates. According to the announcement, Arm will and expects to continue collaborating with the new ISG businesses.

“Arm believes there are great opportunities in the symbiotic growth of data and compute,” says Arm’s CEO Simon Segars. “SoftBank’s experience in managing fast-growing, early-stage businesses would enable ISG to maximize its value in capturing the data opportunity. Arm would be in a stronger position to innovate in our core IP roadmap and provide our partners with greater support to capture the expanding opportunities for compute solutions across a range of markets.”