Simon Segars

Arm's board of directors has appointed 35-year semiconductor industry leader Rene Haas as CEO and member of the board of directors. Arm’s board of directors has appointed 35-year semiconductor industry leader Rene Haas as chief executive officer and member of the board of directors, effective immediately. He succeeds Simon Segars, who has stepped down as CEO and member of the board of directors after 30 years with the company. In the near-term, Segars will support the leadership transition in an advisory role for Arm.

A massive $40 billion deal that should have resulted in Nvidia's purchase of Arm is no long happening. In addition, the CEO of Arm, Simon Segars, is reportedly going to lose his job despite the company's owner, Softbank, receiving $1.25 billion from Nvidia. Nvidia to Pay Softbank $1.25 Billion. An...