Silicon IP vendor Arm has decided to separate its automotive and IoT business lines.
"We have made great progress in both the automotive and IoT markets, which until now we held under one group," said Rene Haas, Arm's chief executive, as cited in a company press release. "The timing is right to separate these two units as they are both now large independent businesses."
After the split, Arm will have four separate lines of business: automotive, client, infrastructure and IoT.
The news come as Arm also announces several personnel changes by rotating the leadership among its business lines. At the end of September, the company just appointed a new CFO and added two new board members - a move signaling its preparation for IPO.
Softbank Group CEO Masayoshi Son previously also raised the possibility of a strategic alliance between Arm and Samsung Electronics, but made no offer for Samsung to invest in Arm on his visit to South Korea, according to Reuters. Meanwhile, sluggish IPO markets also fueled speculations regarding the chip architecture designer's future. "We are making room to allow for fresh perspectives, renewed focus and growth opportunities, and setting Arm up for further success at this critical point of the company's growth trajectory", said Haas.