Arm China, a joint venture of Arm Holdings Plc, will appoint Chen Feng as its new CEO.

This decision is part of efforts to address leadership challenges and adapt to ongoing technological and geopolitical changes.

His appointment follows the resignation of interim co-CEOs Liu Renchen and Eric Chen, who led Arm China since the controversial ouster of former CEO Allen Wu in 2022.

The company plays a crucial role in the US-China tech rivalry, as its chip designs power most smartphones, including Apple’s iPhone.

Amid rising tensions, the US has imposed export curbs on advanced AI chips, while China remains cautious of former President Donald Trump’s trade policies.