Britain Assessing Impact Of Sale Of Arm To Nvidia – Minister

Nvidia, the biggest U.S. chip company by market capitalisation, has agreed to buy Arm from Japan’s SoftBank for $40 billion.

Dinenage said ministers would consider commitments made by SoftBank and Nvidia to maintain Arm as a successful British business “incredibly carefully”, and the government had already had discussions with the parties involved.

The decision whether to intervene in the deal would be taken by the secretary of state for digital, culture, media and sport after considering the relevant information, she said.

Arm, the leading tech company in Britain, lost its independence in 2016 when it was sold to SoftBank after the Japanese conglomerate pledged to retain the company’s headquarters in Cambridge, England, and increase jobs.