Arm Holdings Plc’s Chinese venture is appointing a local chip veteran to be its new chief executive officer, seeking to consolidate leadership to better navigate fast-paced geopolitical and technological shifts.Arm China plans to tap Chen Feng, a former executive at Fuzhou, Fujian-based chipmaker Rockchip Electronics Co., according to people familiar with the matter. The appointment will be made after this week’s Lunar New Year holidays, they said, asking not to be named discussing private infor...