The sale of British chip maker Arm to Nvidia for $40 billion (£31 billion) – described as a 'disaster' for the UK tech industry and 'the equivalent to letting Trump getting his hands on Trident', by an Arm co-found – is to be probed by the UK government.
Nvidia confirmed the deal to buy Arm on Monday, just four years after the firm was purchased by Japan's SoftBank Group for $32 billion (£24 billion) in 2016.
Arm is best known as the designer of processor chips used in most major smartphones – including both Apple and Samsung devices.
Hermann Hauser said the sale to the American chip maker would be a 'disaster for Cambridge, the UK and Europe' and see the 'last European technology company with any global relevance sold off to the Americans'.
Hauser, who helped spin Arm off from former parent company Acorn Computers in 1990, has urged …