Financial TimesFinancial Times

The government must stop Arm’s ‘pass the parcel’ treatment and invest

By Tom Tugendhat

16 May 2022 · 2 min read

In a demonstration of openness after the Brexit referendum, a government keen to show the world that Britain really was going global waved through the sale of our largest technology company — Arm Holdings — to the Japanese firm SoftBank.

The sale was intended to give a long-term home to the UK’s only high technology leader — a world leader in microprocessor technology, which designs software and semiconductors for an array of devices — including defence. SoftBank would ensure Arm’s innovation capability and skilled research base would be secure.

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