New Arm CEO Haas steps into centre of chip industry turmoil

ARM has selected a new CEO, Rene Haas who has the unenviable role of picking up the pieces after the protracted deal to be bought over by fellow chip maker Nvidia fell through. — REUTERS

Arm Ltd. Chief Executive Officer Rene Haas has a formidable to-do list to go with his new job.

Haas, 59, was promoted to the top post at the UK’s biggest tech company early Tuesday after its owner, Japan’s SoftBank Group Corp., announced that its proposed sale to Nvidia Corp. has been abandoned. His predecessor, Simon Segars, is resigning for personal reasons.

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