Skip to main content

Written question asked by Daniel Zeichner (Labour) on Tuesday, 22 September 2020, in the House of Commons. It was due for an answer on Thursday, 24 September 2020. It was answered by Kemi Badenoch (Conservative) on Wednesday, 30 September 2020 on behalf of the Treasury.


ARM

Question

To ask the Chancellor of the Exchequer, on how many occasions he and his Department have had discussions with (a) Nvidia and (b) Arm on the sale of Arm from Softbank to Nvidia.

Answer

Neither the Chancellor nor HM Treasury have held discussions with Nvidia or Arm on the sale of Arm from Softbank to Nvidia. The Government recognises the vital role ARM plays in the UK’s tech sector and its contribution to the economy.

The Government monitors acquisitions and mergers closely. We will be scrutinising the Arm deal in close detail to understand the implications for the UK, and if further action is required.


Secondary information

Type
Written question
Reference
93607
Session
2019-21
Subjects
ARM NVIDIA
Contains statistics
Yes
Link
View this Written question on www.parliament.uk