Posted on 08/30/2021 11:20:07 AM PDT by Governor Dinwiddie
This should be very concerning for tech companies that operate in the Chinese market. 'It is not clear how much pressure was put on SoftBank to form the merger, but this looks like one of the most blatant examples of IP theft that we've seen.
The Chinese arm of a company has gone rogue and refused to obey the ruling of its own board. The head of that company is essentially treating it as a personal fiefdom, and Chinese authorities do not appear to have taken meaningful action to reign in Mr. Wu.'
Chinese stocks are equivalent to Gas Station Sushi
Gas Station Sushi = = =
Is that anything like ‘Aged Bean Burrito’?
Some one needs to meme Trump snake analogy with xi and zBi in picture.
ARM is 51% owned by CCP. Softbank owned 49%. Softbank also owns large shares in Alibaba, TikTok and a ton of other Chinese companies, as well as some US companies.
Anyone manufacturing in China has to know this is the future. Trump understood this. Biden and his puppet masters do too, but they are selling us out.
The newly “independent” company reports to the CCP not its BoD.
Anyone manufacturing in China knows this was the past.
So many companies I know built in China, only to have their plants seized or syphoned off. But they “had to!” because the new Harvard MBA CFO said all the cool kids were doing it.
If you work with China everything you use belongs to the CCP.
If you have property in China it belongs to the CCP.
If you are standing in China YOU belong to the CCP.
A previous employer saw the hand writing on the wall and restricted access to their ip and spun down most activities of our Chinese team about 3 years ago.
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