Mobile phone chip designer Arm Ltd. has called off a planned spinoff of two businesses to parent company SoftBank Group Corp. as the Japanese investment firm evaluates options for the semiconductor company it bought four years ago for $32 billion. Arm is based in the U.K. and designs circuitry that powers the majority of the world’s smartphones. A month ago, the company said it planned to transfer two Internet of Things businesses to SoftBank.

Source: Wall Street Journal August 24, 2020 21:28 UTC