SoftBank Subsidiary Arm to Establish Labs in Israel in Partnership with TelcoCalcalist
Arm Holdings, the British chip designer that SoftBank acquired in 2016, is partnering with telecom network technology company Telco Systems to develop new networking infrastructure products based on Arm architecture, Telco announced Wednesday. As part of the partnership, Arm will set up labs at Telco's Israeli offices, where most of Telco’s research and development activity takes place, said Telco CEO Ariel Efrati in a Wednesday interview with Calcalist. Arm will also be making a strategic investment of $3 million to $4 million in Telco, he added.
Telco, dually-headquartered in Mansfield, Massachusetts and northern Israeli town Yokneam, is a subsidiary of London-listed BATM Advanced Communications Ltd., an Israeli telecommunication company. Telco’s clientele includes Verizon and multinational broadband and telecommunication provider Telefónica S.A.