Arm CEO Haas in line to lead much of parent SoftBank’s international business: Report

Chip designer Arm’s CEO Rene Haas is in line to lead much of parent SoftBank Group’s international business while keeping his current role at Arm, the Financial Times ‌reported on ⁠Thursday, ⁠citing multiple people familiar with the matter.

Arm declined to comment while SoftBank which is the majority-owner of Arm, did not immediately respond to a request for comment from Reuters. SoftBank declined to comment to the FT.

According to the FT report, Haas’s ⁠appointment aims ‌to push forward SoftBank’s AI chip strategy, Project Izanagi, launched to compete with rivals ⁠such as U.S.-based chipmaker Nvidia .