Dominic Cummings, the chief advisor to U.K. Prime Minister Boris Johnson, emailed civil servants this week to confirm he is looking at ways to build $1 trillion U.K. tech firms, according to Business Insider.
Referring to DeepMind, Cummings wrote on his blog last March that the U.K. had a “valuable asset and let Google buy it for trivial money without the powers-that-be in Whitehall understanding its significance.”
Elsewhere, U.K. network intelligence firm Imagination Technologies was taken over by China-owned investment firm Canyon Bridge in a £550 million deal in 2017.
Nvidia itself bought the Bristol-headquartered Icera for $367 million in 2011 and subsequently sacked more than 300 staff in the U.K. in 2015.
Hermann Hauser: ARM sale to Nvidia would be a disaster
UK Government Should Stop ARM Sale To US – Hermann Hauser
https://www.silicon.co.uk/e-enterprise/ ... -us-346788
SoftBank’s Arm sale hits a snag as UK opposition party warns of risk to jobs and digital sovereignty
https://www.cnbc.com/2020/09/11/softban ... risks.html
UK must intervene in Nvidia deal for Arm, says Labour
https://www.ft.com/content/9a8df498-b7e ... db650d89cc
Should the U.K. Government Form a Coalition to Buy ARM?
https://news.slashdot.org/story/20/08/1 ... to-buy-arm
UK government to acquire cutting-edge satellite network
https://www.gov.uk/government/news/uk-g ... te-network