Arm Holdings' China unit plans to name former Rockchip Electronics (SHA:603893) executive Chen Feng as chief executive officer, Bloomberg News reported Wednesday, citing people familiar with the matter.
Chen Feng will succeed co-CEOs Liu Renchen and Eric Chen, the report said.
The appointment by the UK-based chip firm is seen to take place after the Lunar New Year festivities, according to Bloomberg.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)