The writer is co-chairman of Alvarium Investments and professor emeritus of commerce at Gresham College
The UK Competition and Markets Authority (CMA) has recently recommended an in-depth investigation into Nvidia’s planned takeover of British chip designer Arm on the grounds that it “would stifle innovation across a number of markets”. EU officials have voiced similar concerns.
Arm is the only UK tech company with an indisputably dominant position globally. As such, it is vital that it should be a neutral company whose designs can be provided to all customers without being owned by any one of them. And the best way to preserve this uniqueness would be through an initial public offering in London.
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