Beijing’s long arm is stretching further into the tech sector—whether the U.S. likes it or not. The latest sign: SoftBank Group’s decision to sell a majority stake in the Chinese operations of its U.K. subsidiary Arm Holdings, which designs the chips that power almost all of the world’s smartphones. At $775 million, it looks like a steal for...

Source: Wall Street Journal June 06, 2018 11:05 UTC