UK authorities expect ARM to list on the London Stock Exchange instead of merging with Nvidia

A number of British ministers believe the sale of ARM, the chip-designer owned by Nvidia, is unlikely to go ahead, and welcome its return to the London stock market. The Daily Mail reports.

According to reports, policymakers have urged the tech giant to return to the exchange and pursue a London listing should regulators block the deal.

«Many in government do not think the deal will go ahead, and want the company to return to the London Stock Exchange», said one of the publication’s sources.

Warren East, head of Rolls-Royce and former ARM chief, agreed with that position:

«Nice to see the support. What matters is that British technology has an impact on the world».

Last week the UK government launched the second phase of the investigation into the ARM–Nvidia deal. According to the Digital, Culture, Media and Sport Secretary, it will last about six months.

As reported, in September 2020 Nvidia объявила about the purchase of ARM from Japanese SoftBank for $40 billion. The deal was planned to close by March 2022, but regulatory interventions in several countries halted the merger.

Several ARM partners, including Google, Qualcomm and Microsoft, opposed the purchase.

In April 2021 the UK government intervened in the deal over “national security” concerns.

In July the United Kingdom’s regulators announced the continuation of the investigation into the merger of the two companies.

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