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Softbank made commitments to secure jobs and keep ARMs headquarters in the UK until September next year. So far when you read the announcement coming from Nvidia they said they will honour that Softbank has made at the time said Sonja Laud chief investment officer at Legal & General Investment Management. But with the expiry about to happen and obviously the Brexit negotiations under way it will be very interesting to see how this develops in the future. This appears to address concerns that British jobs would be lost and decision-making shifted to the US. Last week the Labour Party had urged the government to intervene. But two of ARMs co-founders have raised other issues about the takeover. Hermann Hauser and Tudor Brown had suggested ARM should remain neutral rather than be owned by a company like Nvidia which produces its own processors. The concern is that there would be a conflict of interest since ARMs clients would become dependent on a business with which many also compete for sales. Moreover the two co-founders also claimed that once ARM was owned by an American firm Washington could try to block Chinese companies from using its knowhow as part of a wider trade clash between the countries. If ARM becomes a US subsidiary of a US company it falls under the Cfius [Committee on Foreign Investment in the United States] regulations Mr Hauser told BBC Radio 4s Today programme. That means that if hundreds of UK companies that incorporate ARMs technology in their products want to sell it and export it to anywhere in the world including China - which is a major market - the decision on whether they will be allowed to export it will be made in the White House and not in Downing Street. He added that he believed the pledge to retain and increase the number of UK jobs was meaningless unless UK ministers stepped in to make it legally enforceable. But ARMs chief executive played down the threat of export bans. It isnt to do with the ownership of the company its all to do with analysis of the product itself Simon Segars told the BBC. The majority of our products are designed in the UK or outside the US and the majority of our products dont fall under much of the US export control set of rules. Mr Huang added that ARM had some of the finest computer scientists in the world in Cambridge and he intended to both retain them and attract others to what would become Nvidias largest site in Europe. The UK prime ministers spokesman said ministers have spoken to both companies adding that the government would be scrutinising the deal including what it means for the Cambridge HQ. ARM creates computer chip designs that others then customise their own ends. It also develops instruction sets which define how software controls processors. It is based in Cambridge but also has offices across the world including a joint venture in Shenzhen China. Hundreds of companies license its innovations including Apple Samsung Huawei and Qualcomm. To date ARM says

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