The Guardian view on a Brexit industrial strategy: theatre but no policy - News Summed Up

The Guardian view on a Brexit industrial strategy: theatre but no policy


That may be because the ownership of the company in question – the world’s most important chip-design firm Arm – was previously decided by Brexit politics. Just after the 2016 vote, Theresa May, having vowed to defend UK firms from foreign takeovers, blessed Arm’s sale to SoftBank, a Japanese conglomerate, for £24bn. Other chipmakers that rely on unfettered access to Arm’s cutting-edge technology would fret about losing it to a rival manufacturer. Mr Hauser sees Arm’s sale as a major step “towards the UK becoming an American vassal state”. Folded into Nvidia, Arm would be forced to end its China business.


Source: The Guardian August 30, 2020 17:26 UTC



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