UK tech giant Arm Holdings to be sold to US company Nvidia in $40bn deal

Chip designer’s co-founder says deal is an ‘absolute disaster’ that will lead to UK job losses

• Arm Holdings: what is it and does its sale to Nvidia matter?

One of Britain’s most successful tech companies, Arm Holdings, is being sold by its Japanese owners for $40bn (£31bn) in a deal that could reshape the semiconductor landscape.

Nvidia, a US company, will pay SoftBank $21.5bn in shares and $12bn in cash for the chip designer, although the deal is still subject to regulatory approval in the UK and could face opposition from its new owners’ rivals and British politicians concerned about foreign takeovers.

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