You can watch David Faber's interview with Arm CEO Rene Haas and SoftBank CEO Masayoshi Son live on CNBC Pro.
But SoftBank CEO Masayoshi Son, who made a fortune through Chinese juggernaut Alibaba , said SoftBank had reduced its "exposure in China" by a significant amount.
Neither Arm nor SoftBank, which acquired Arm for $32 billion in 2016, directly control their China subsidiaries.
Arm now only directly owns around 5% of Arm China, but the group still accounts for nearly a quarter of Arm's fiscal 2023 revenue, according to pre-offering filings.
Son was focused on SoftBank's stake in Alibaba, which SoftBank has been reducing steadily over the last few years.
Persons:
David Faber's, Rene Haas, Masayoshi, Masayoshi Son, Alibaba, SoftBank, Biden, Son, CNBC's David Faber, ByteDance
Organizations:
CNBC Pro, Arm, CNBC, Nasdaq, Intel, Nvidia, Vision, U.S
Locations:
China, Alibaba, SoftBank