A rm Holdings Plc’s Chinese venture have started a chip design house with local government backing, adding to uncertainty in the British firm’s biggest market just weeks after it raised $5 billion in an initial public offering.

The departures from Arm China included the head of R&D, a regional head of sales and a government relations employee who is now chief executive officer of the new firm, Borui Jingxin, people familiar with the matter said.

Senior Arm China staff quit to create government-backed startup comes via ChinaTechNews.com.