 "British chip designer Arm's CEO Simon Segars pulls out of the Saudi conference")
British chip designer
**Arm** chief executive officer
**Simon Segars** has pulled out of the Saudi Arabia investment conference this week, a source familiar with the matter told Reuters on 22 October. [caption id=“attachment_5426841” align=“alignnone” width=“1275”] ARM’s CEO Simon Segars. Image: Reuters[/caption] Segars is the latest among several high-profile company executives to pull out of the conference amid mounting pressure on Riyadh over the disappearance and alleged killing of journalist
**Jamal Khashoggi** . Arm Holdings was acquired by SoftBank Group in 2016 for $32 billion.
Bloomberg reported earlier on 22 october that **SoftBank** chief operating officer Marcelo Claure will not be attending the Saudi Arabia investment conference this week. **Softbank’s Vision Fund** , nearly half of whose $93 billion in funding came from Saudi Arabia, acquired a 25 percent stake in Arm from SoftBank last year, among the fund’s largest deals to date.
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