1-20 of 90 results for subject:ARM
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To ask Her Majesty's Government whether they have requested that the Competition and Markets Authority investigate the potential purchase of ARM by Nvidia; and if not, what plans they have to do so.
To ask Her Majesty's Government whether they have requested that the Competition and Markets Authority investigate the potential purchase of ARM by Nvidia; and if not, what plans they have to do so.
The government is clear that Arm is an important part of the UK's technology sector and makes a significant contribution to the UK economy.
The Competition and Markets Authority bears responsibility for assessing any competition impacts arising from the proposed deal and it will be following its normal regulatory processes in examining this deal. Separately, the Secretary of State also has the responsibility for determining whether or not to refer an acquisition on public interest grounds if relevant thresholds in the Enterprise Act 2002 are met. As such, we are examining this potential acquisition carefully.
We note that it is subject to regulatory approvals in multiple jurisdictions and is not expected to complete until 2022. It would be inappropriate to comment further at this stage.
To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions his Department has had with Nvida on their purchase of ARM; and what guarantees he has sought on (a) employment levels and (b) employee TUPE conditions.
To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions his Department has had with Nvida on their purchase of ARM; and what guarantees he has sought on (a) employment levels and (b) employee TUPE conditions.
ARM is an important part of the UK's technology sector and makes a significant contribution to the UK economy. The government monitors acquisitions and mergers closely. When a takeover may have a significant impact on the UK we will not hesitate to investigate further and take appropriate action. We are examining this deal carefully. It would be inappropriate to comment further at this stage. Details of Ministerial meetings are published quarterly on the Gov.uk website.
To ask Her Majesty's Government what assessment they have made of (1) the acquisition of Arm by NVIDIA, and (2) whether such an acquisition is in the national interest.
To ask Her Majesty's Government what assessment they have made of (1) the acquisition of Arm by NVIDIA, and (2) whether such an acquisition is in the national interest.
Arm is an important part of the UK's technology sector and makes a significant contribution to the UK economy. The Government monitors acquisitions and mergers closely. When a takeover may have a significant impact on the UK we will not hesitate to investigate further and take appropriate action. We are examining this deal carefully.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of holding discussions with (a) Softbank and Arm on the Softbank/Arm deal of 2016 and (b) Nvidia and Arm on the Softbank/Nvidia Arm deal of 2020.
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of holding discussions with (a) Softbank and Arm on the Softbank/Arm deal of 2016 and (b) Nvidia and Arm on the Softbank/Nvidia Arm deal of 2020.
The Department for Digital, Culture, Media & Sport is leading engagement with the parties involved, all queries should be directed to the DCMS.
Information about ministerial meetings can be found at gov.uk. It would be inappropriate to divulge further detail at this stage.
To ask Her Majesty's Government whether they plan to assess if the proposed acquisition by NVIDIA of Arm would be contrary to the national interest; and if so, how.
To ask Her Majesty's Government whether they plan to assess if the proposed acquisition by NVIDIA of Arm would be contrary to the national interest; and if so, how.
The Government monitors acquisitions and mergers closely. When a takeover may have a significant impact on the UK we will not hesitate to investigate further and take appropriate action. We are examining this deal carefully to understand its impact on the UK.
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment his Department has made of the facilitation of an alternative deal that will see ARM become a publicly traded company listed in the London Stock Exchange.
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment his Department has made of the facilitation of an alternative deal that will see ARM become a publicly traded company listed in the London Stock Exchange.
The Government monitors acquisitions and mergers closely. When a takeover may have a significant impact on the UK we will not hesitate to investigate further and take appropriate action. We are examining this deal carefully to understand its impact on the UK.
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment he has made of the potential merits of placing a legal obligation on Nvidia to keep ARM’s headquarters in Cambridge if the planned sale of ARM to Nvidia goes ahead.
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment he has made of the potential merits of placing a legal obligation on Nvidia to keep ARM’s headquarters in Cambridge if the planned sale of ARM to Nvidia goes ahead.
The Government monitors acquisitions and mergers closely. When a takeover may have a significant impact on the UK we will not hesitate to investigate further and take appropriate action. We are examining this deal carefully to understand its impact on the UK.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether he is seeking a legally binding guarantee to keep Arm as a separate entity with a separate business model that is not subject to US intellectual property provisions after Arm is sold from Softbank to Nvidia.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether he is seeking a legally binding guarantee to keep Arm as a separate entity with a separate business model that is not subject to US intellectual property provisions after Arm is sold from Softbank to Nvidia.
As provided in previous parliamentary responses, ARM is an important part of the UK's tech sector and makes a significant contribution to the UK economy. While acquisitions are primarily a commercial matter for the parties concerned, the Government monitors these closely. When a takeover may have a significant impact on the UK we will not hesitate to investigate further and take action. We are scrutinising the deal carefully to understand its impact on the UK. The Enterprise Act 2002 allows the government to call in transactions such as this. We will consider if and when it would be appropriate to do so.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether he is seeking a legally binding exemption from Export Administration Regulations or Office of Foreign Assets Control regulations for the sale of ARM from Softbank to Nvidia.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether he is seeking a legally binding exemption from Export Administration Regulations or Office of Foreign Assets Control regulations for the sale of ARM from Softbank to Nvidia.
As provided in previous parliamentary responses, ARM is an important part of the UK's tech sector and makes a significant contribution to the UK economy. While acquisitions are primarily a commercial matter for the parties concerned, the Government monitors these closely. When a takeover may have a significant impact on the UK we will not hesitate to investigate further and take action. We are scrutinising the deal carefully to understand its impact on the UK. The Enterprise Act 2002 allows the government to call in transactions such as this. We will consider if and when it would be appropriate to do so.
To ask the Secretary of State for Business, Energy and Industrial Strategy, 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.
To ask the Secretary of State for Business, Energy and Industrial Strategy, 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.
Departments publish quarterly details of Ministers’ meetings with external organisations on GOV.UK. Details for the Department for Business, Energy and Industrial Strategy are available at: https://www.gov.uk/government/collections/beis-ministerial-gifts-hospitality-travel-and-meetings.
The latest published data covers January to March 2020. Data for April to June 2020 will be published in due course.
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.
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.
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.
To ask the Secretary of State for Digital, Culture, Media and Sport, 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.
To ask the Secretary of State for Digital, Culture, Media and Sport, 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.
Ministers and officials have regular meetings and discussions with a wide range of stakeholders, on a variety of issues. Details of Ministerial meetings are published quarterly on the Gov.uk website.
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment his Department has made of the national security implications of the Nvidia/Softbank Arm deal.
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment his Department has made of the national security implications of the Nvidia/Softbank Arm deal.
Ministers have regular meetings and discussions with their ministerial colleagues, on a range of issues. Details of Ministerial meetings are published quarterly on the Gov.uk website.
As you would expect, it would not be appropriate to comment on any national security concerns we may or may not have. However, we will be scrutinising the deal in close detail.
To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions he has had with the Secretary of State for Defence on the acquisition of Arm by US company Nvidia.
To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions he has had with the Secretary of State for Defence on the acquisition of Arm by US company Nvidia.
Ministers have regular meetings and discussions with their ministerial colleagues, on a range of issues. Details of Ministerial meetings are published quarterly on the Gov.uk website.
As you would expect, it would not be appropriate to comment on any national security concerns we may or may not have. However, we will be scrutinising the deal in close detail.