Tuesday, 19. July 2016

ARM founder says Softbank deal is 'sad day' for UK tech

The founder of ARM Holdings has told the BBC he believes its imminent sale to Japanese technology giant Softbank is "a sad day for technology in Britain". Hermann Hauser said he was "very sad" at news of the £24bn ($32bn) takeover which was announced on Monday morning. The Cambridge-based firm designs microchips used in most smartphones, including Apple's and Samsung's. ARM, which was founded in 1990, employs more than 3,000 people. Mr Hauser called ARM Holdings his proudest achievement.

bbc.com The sell-off of British businesses like ARM must stop

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