Linked by Thom Holwerda on Mon 18th Jul 2016 05:04 UTC
Hardware, Embedded Systems

SoftBank is nearing a deal to acquire ARM Holdings, the British semiconductor company, said two people briefed on the matter who asked not to be named discussing private information.

The deal would be the first large-scale, cross-border transaction in Britain since it voted to exit the European Union last month. ARM had been seen as a safe haven from the volatility surrounding “Brexit” because its chip technology is used in mobile phones all over the world, with limited revenue derived from Britain.

Remarkable news on such an early Monday morning. One of the larger purchases in the technology world, and of a core and extremely crucial company at that. I'm wondering if the major technology companies are okay with this deal, since many of them rely heavily on ARM's technology.

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Sad news.
by dsmogor on Mon 18th Jul 2016 11:19 UTC
dsmogor
Member since:
2005-09-01

After Brexit I started wondering what's part of the solid foundation of UK (or european in general) based tech industry (as a counterweight for the financial companies) and Arm came out as one of the bright spots.
And now this...

Reply Score: 5

RE: Sad news.
by Adurbe on Mon 18th Jul 2016 13:07 in reply to "Sad news."
Adurbe Member since:
2005-07-06

They will still pay UK tax for the time being. But don't expect it will be long before the HQ moves to the mainland or even to Asia where the chips are actually fabricated.

Reply Parent Score: 2