Business

SoftBank Group Corp.’s Arm Ltd. and its Chinese venture clashed publicly over whether the venture’s CEO had been fired, a dispute that threatens to disrupt a Western company central to the global semiconductor industry.

Using a financing method called "securitization," US-based data center operators have been able to raise more money to finance growth than their European counterparts, who primarily rely on traditional bank financing.

The ability to leverage data and personalization will be a key competitive differentiator.

Its new CEO has continued an unusual company tradition, refusing to disclose the scale of its latest round of job cuts.

The colocation giant said the deal would add 500 net new customers, $105 million in annualized revenue.

The company attributed the drop to customers spending more on “remote work and business continuity solutions” rather than server farms.

The company declined to say if its expense reductions include job cuts.