Arm reverses plan to spin off internet of things division

The British microchip company Arm has reversed a decision to spin off two divisions to its Japanese owners, a move that could complicate a rumoured sale of the company. Cambridge-headquartered Arm announced last month that it planned to transfer its loss-making “internet of things” businesses to SoftBank, amid discussions over a potential sale or float of the business. The spin-offs were seen as a “tidying up” of Arm, focusing on its most valuable chip architecture licens