Submitted on Monday 18th July 2016
Published on Tuesday 26th July 2016
Current status: Closed
Closed: Thursday 26th January 2017
Signatures: 27
Tagged with
Prevent the sale of ARM Holdings to Softbank
The government should prevent the sale of ARM, the biggest and most successful British technology company to the Japanese company Softbank. With designs used in over 90% of devices, the idea that only another company can support its growth is invalid.
If the government truly believes in businesses that can compete in the world then it must realise it takes decades to develop companies such as ARM and coming under foreign ownership when not needed is only ultimately strategically beneficial for the foreign company and bad for national self-esteem.
The sale of ARM will represent the end of real British involvement in any significant way in the ever-growing, ever important technology sector.
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