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Government must safeguard ARM’s UK HQ, says Labour
The British government should step in to ensure that Cambridge-based chip-maker ARM keeps its headquarters in the UK, Labour has said.
SoftBank, which bought ARM in 2016, is in advanced talks to sell the company to US-based Nvidia.
The government should obtain “legally binding assurances” about ARM's location, Labour's Ed Miliband said.
A government spokesman said any takeovers representing a threat to the UK would be investigated.
ARM is one of the world’s leading manufacturers of microprocessors used in smartphones and other devices.
It was sold to Japan’s SoftBank in 2016 for £24.3bn but the conglomerate is now known to be in talks to sell ARM to US-based chip maker Nvidia.
https://www.techics.com/blog/145/government-must-safeguard-arm-s-uk-hq-says-labour
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