> ARM China, a former ARM subsidiary, has the legal right to license ARM designs for use within China but not overseas.
FWIW, Allen Wu was finally ousted by leveraging that right to license, i.e. SoftBank's threatening to not release new IP rights to ARM China. SoftBank was somehow further able to wrest back control of ARM China from Wu by cleverly transferring its stake to a SPV jointly owned by SoftBank and ARM, so ARM China is considered a "financial investment interest" rather than a subsidiary.[1]
FWIW, Allen Wu was finally ousted by leveraging that right to license, i.e. SoftBank's threatening to not release new IP rights to ARM China. SoftBank was somehow further able to wrest back control of ARM China from Wu by cleverly transferring its stake to a SPV jointly owned by SoftBank and ARM, so ARM China is considered a "financial investment interest" rather than a subsidiary.[1]
[1] https://asia.nikkei.com/Spotlight/Caixin/In-Depth-How-SoftBa...