UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
Chip designer Arm’s workforce nearly halves despite SoftBank promise October 4, 2022 British semiconductor darling Arm has lost 40 per cent of the workforce built up through a pledge by its owner SoftBank. Japanese investment giant SoftBank promised the UK government that it would help support the chipmaker in becoming a wafer-powerhouse, when it first bought the company in 2016. At the time, SoftBank said it would [...]
Arm CEO: UK’s semiconductor strategy must make it easier to hire overseas talent August 22, 2022 The UK’s upcoming semiconductor strategy must make it easier for overseas talent to work in the country, the boss of British computer chip designer Arm has said today. Speaking to The Times, chief executive Rene Haas said that policy which makes it “easier for engineers to move across borders to be hired” would be “hugely [...]
Arm co-founder steps down from board of China’s largest chipmaker August 11, 2022 A former president of British tech giant Arm has given up his role on the board of China’s largest chipmaker today, as semiconductor supply scales government agendas from East to West. In a LinkedIn post today, Arm co-founder Tudor Brown wrote: “A bittersweet day today. After nine years I resigned from SMIC board. Sad to [...]
Chancellor resumes efforts to woo Arm away from Nasdaq listing July 31, 2022 Chancellor Nadhim Zahawi has resumed the UK Government’s efforts to woo Cambridge-based chip maker Arm away from a New York listing and back to London. Zahawi – who was appointed Chancellor following Rishi Sunak’s resignation in early July – has reportedly contacted Masayoshi Son, chief executive of Arm’s parent company SoftBank. SoftBank was in talks [...]
London Stock Exchange ready to ‘fight’ for Arm listing, says boss July 21, 2022 The boss of the London Stock Exchange said the bourse was willing to “fight” to win the listing of British chipmaker Arm today after reports its Japanese owner Softbank has downed tools on a London listing.
Tech giant Arm to slash hundreds of jobs after Nvidia $40bn takeover falls through March 15, 2022 Cambridge-based technology titan Arm has announced it will slash hundreds of jobs after a $40bn sale to a US tech firm fell through. The chipmaker has informed staff it will cut up to 15 per cent of roles, following the collapse of a sale to rival Nvidia last month. Arm’s chief executive, Rene Haas, told [...]
Nvidia’s $54bn Arm deal faces yet another setback as EU regulators press pause on probe December 6, 2021 EU competition watchdogs have temporarily hit pause on their investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. The European Commission halted its probe into the takeover on its previous deadline on November 25, as it awaits more information, Reuters first reported from a [...]
UK government set to launch national security probe into Nvidia’s $54bn takeover of ARM November 14, 2021 Ministers are lining up a full-blown national security investigation into Nvidia’s planned $54bn takeover of British chip designer ARM, after months of negotiations between regulators and the US chip company. The investigation is likely to be announced on Tuesday week, after digital and culture secretary Nadine Dorries orders a “phase 2” probe into Nvidia’s acquisition [...]
EU to probe Nvidia’s $54bn ARM bid after concessions fail to allay concerns October 12, 2021 US tech company Nvidia’s $54bn bid for British chip designer ARM is set for a prolonged EU antitrust investigation. Concessions offered last week failed to address competition concerns, three people familiar with the matter said. This will be the second setback for the California-based tech firm after the UK’s watchdog warned the deal could damage [...]