SoftBank’s Arm files to list shares in US as London blow confirmed May 1, 2023 SoftBank-owned chip design firm Arm has filed for a US listing in a move which cements its decision to thwart London markets for the US and paves the way for one of the largest initial public offerings (IPOs) of the year. SoftBank confirmed on Monday that Arm had submitted a draft registration statement to the [...]
‘Come to London’: FCA eyes up capital markets reform with 12 month plan to woo world listings back to the City April 5, 2023 The Financial Conduct Authority has laid out plans to “make the UK a more attractive place for business” today after a flurry of firms have ditched the UK in favour of foreign markets in recent months.
Arm deals blow to UK tech industry by rejecting London listing for a NASDAQ flotation March 3, 2023 Cambridge-based technology firm Arm said it will pursue a US-only stock market listing this year, dealing a blow to the UK markets. The plans from the company, owned by Japanese investment giant SoftBank, come despite heavy lobbying by successive prime ministers and cabinet members. In January, Rishi Sunak reportedly restarted talks with SoftBank to persuade [...]
No layoffs for Arm as it expands UK workforce to meet rising chip demand February 14, 2023 Chip designer Arm has bucked the trend of tech companies cutting jobs, after it confirmed that it will grow its UK workforce in order to meet the rising demand for chips. The British firm plans to hire 500 new employees, with 350 of the roles spread across Cambridge, Manchester, Warwick, and Sheffield. In response to [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
Chip designer Arm’s workforce nearly halves despite SoftBank promise October 4, 2022 British semiconductor darling Arm has lost 40 per cent of the workforce built up through a pledge by its owner SoftBank. Japanese investment giant SoftBank promised the UK government that it would help support the chipmaker in becoming a wafer-powerhouse, when it first bought the company in 2016. At the time, SoftBank said it would [...]
Arm CEO: UK’s semiconductor strategy must make it easier to hire overseas talent August 22, 2022 The UK’s upcoming semiconductor strategy must make it easier for overseas talent to work in the country, the boss of British computer chip designer Arm has said today. Speaking to The Times, chief executive Rene Haas said that policy which makes it “easier for engineers to move across borders to be hired” would be “hugely [...]
Arm co-founder steps down from board of China’s largest chipmaker August 11, 2022 A former president of British tech giant Arm has given up his role on the board of China’s largest chipmaker today, as semiconductor supply scales government agendas from East to West. In a LinkedIn post today, Arm co-founder Tudor Brown wrote: “A bittersweet day today. After nine years I resigned from SMIC board. Sad to [...]
Chancellor resumes efforts to woo Arm away from Nasdaq listing July 31, 2022 Chancellor Nadhim Zahawi has resumed the UK Government’s efforts to woo Cambridge-based chip maker Arm away from a New York listing and back to London. Zahawi – who was appointed Chancellor following Rishi Sunak’s resignation in early July – has reportedly contacted Masayoshi Son, chief executive of Arm’s parent company SoftBank. SoftBank was in talks [...]
London Stock Exchange ready to ‘fight’ for Arm listing, says boss July 21, 2022 The boss of the London Stock Exchange said the bourse was willing to “fight” to win the listing of British chipmaker Arm today after reports its Japanese owner Softbank has downed tools on a London listing.