The government must preserve jobs and R&D at Arm after takeover collapses

8 February 2022

Responding to the news that Nvidia’s proposed takeover of Arm has collapsed, Mike Clancy, General Secretary of Prospect said:

“This news is just the latest development in a period of huge uncertainty for Arm’s workforce.

“As a union we have long warned that whatever the ownership structure it must ensure the preservation of both jobs and research and development spending.

“The Prime Minister has talked about restoring Britain’s place as a scientific superpower. Protecting one of the UK’s flagship tech innovation companies must be the first step in achieving this.”