Not too late for government to take hands-on approach to ARM deal

Today it has been confirmed that UK chip designer ARM Holdings is being sold to US company Nvidia.

Apollo439 / CC BY-SA (https://creativecommons.org/licenses/by-sa/4.0)

Prospect general secretary Mike Clancy, responded:

“This sale is a worrying development for the UK tech industry and for the talented workforce at ARM, despite the assurances given by Nvidia about the future of the company.

“If the UK tech sector is to flourish and create the jobs of the future here in Britain, then we need our crown jewels to be owned and managed in a sustainable way that prioritises investment in the workforce and in research and development.

“It is not too late for the government to take a more hands-on approach to this deal and impose some binding conditions to secure a stable future for Arm that benefits the whole country.”