Arm loses control of its joint venture in China

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August 8, 2020 Arm's conflicts in China will complicate Nvidia's reported efforts to buy it from SoftBank. UK-based chip designer Arm appears to no longer be in control of its joint-venture business unit, Arm China. In May, Arm fired Allen Wu, the head of Arm China, but Wu has yet to acknowledge the decision and continues overseeing operations of the business unit. The internal strife between Arm and Arm China signals a further bifurcation of semiconductor supply chains, as part of a proxy battle between US-aligned nations and China. SoftBank is reportedly looking to sell Arm to Nvidia, but the tensions between Arm and Arm China complicate this endeavor. Business Insider Intelligence's Hirsh Chitkara has the full story. BRIEFING HIGHLIGHTS Google is teaming up with six more banks to support its digital banking efforts Google is teaming up with more banks to support its efforts to offer digital checking and savings accounts to US Google Pay users beginning in 2021. Read More → Amazon eclipses holiday performance amid pandemic Amazon posted record sales in Q2 2020 – exceeding its Q4 2019 holiday season, which has historically made Q4 Amazon's biggest sales quarter. Read More → Financial Action Task Force published a review of crypto standards The FATF's review measured the progress from jurisdictions and the private crypto sector in implementing the intergovernmental revised standards. Read More → How AWS, Azure, Google Cloud are accelerating their growth strategies Here's how Amazon Web Services, Azure, and Google Cloud performed this quarter – and where they see growth opportunities moving forward. Read More → Teladoc and Livongo merge in $18.5 billion deal Teladoc and Livongo's merger will value the combined entity at $37 billion — creating a powerful force in preventative care. Read More → Facebook, Google, Amazon announce better-than-expected ad revenues Facebook, Google and Amazon cite the strength of direct-response advertiser demand as the reason for better-than-expected worldwide ad revenue results. Read More → Twitter faces a $250 million fine for misusing users' personal data Twitter it under investigation by the FTC for potentially misusing people's personal information for ad targeting and may be fined up to $250 million. Read More → Amex expands buy now, pay later solutions to more cardholders American Express gave more cardholders access to its buy now, pay later solutions, providing greater payment flexibility to boost its payments volume. Read More → Clean Networks initiative would debilitate China's smartphone vendors The US wants to keep apps developed by US companies off of Chinese smartphones — forcing Xiaomi, Vivo, and Oppo out of global markets. Read More → Walmart needs to launch its subscription service before Q4 Walmart should be careful not to put off Walmart+'s launch for too long because Q4 would be a major opportunity for it to gain adoption. Read More → RESEARCH IN FOCUS The Global E-Commerce Landscape Insider Intelligence examines the effects of the coronavirus pandemic on the development of the e-commerce markets in India, Indonesia, Mexico, and Nigeria. The report lays out the major e-commerce players in each country to examine the level of competition in the four markets. Get the full report → Enterprise Video Conferencing In this brand new report, Insider Intelligence examines five major video conferencing services vying for a piece of the enterprise market. We explore their strengths and weaknesses, innovations as a result of the pandemic, and how well they are positioned to become an enterprise's preferred video conferencing platform well beyond the pandemic. Get the full report → The AVOD Ecosystem Insider Intelligence examines the expanding range of major, growing, emergent, or forthcoming ad-supported OTT services in the US. This report looks at how ad spending is growing on ad-supported streaming, based on the rise of connected-TV advertising, and why cord-cutting is likely to drive additional spend. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Business Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: ipat39@gmail.com Manage your email preferences  |  Unsubscribe  |  Terms of Service  |  Privacy Policy © 2020 Insider Inc. 1 Liberty Plaza, New York, NY 10006