A six month in-depth investigation into the planned takeover of Arm by Nvidia was announced by the government, citing competition and national security concerns.

Commenting Daniel Zeichner MP said: “I welcome further investigation which vindicated the warnings many of us made at the outset.

My only fear is that this drags on and on, leaving ARM mired in uncertainty, which in such a fast-moving sector poses a risk in itself. It is also sapping the morale of local staff who are the life blood of the company.

The Government needs to get a grip and work out how to help ensure that great Cambridge success stories like ARM can continue to be the success we all want them to be.

Dither and delay, the dismantling of the industrial strategy and a confused regulatory structure are all making things harder.”

Ends