Fantastic News. Arm becoming British again, kind of.

[Gromett]

After it was bought by softbank a Japanese company and taken private there was concern about what would happen next.
Nvidia looked to be buying it which would be bad all round and probably mean it fully relocated to the US.

Then that fell through due to all the issues. The next likely probable path was a float on the US NASDAQ.

BUT. Today I saw this. BEST possible news. A UK float of some portion of the business. A foot in the door.

Chip giant Arm shares set to list in London in boost for British tech

The Cambridge-based chip designer will see some of its shares listed on the exchange after its £30bn sale to American tech firm Nvidia fell through.

www.thisismoney.co.uk

 

[Coolcats]

After it was bought by softbank a Japanese company and taken private there was concern about what would happen next.
Nvidia looked to be buying it which would be bad all round and probably mean it fully relocated to the US.

Then that fell through due to all the issues. The next likely probable path was a float on the US NASDAQ.

BUT. Today I saw this. BEST possible news. A UK float of some portion of the business. A foot in the door.

Chip giant Arm shares set to list in London in boost for British tech

The Cambridge-based chip designer will see some of its shares listed on the exchange after its £30bn sale to American tech firm Nvidia fell through.

www.thisismoney.co.uk

Should never have been sold in the first place too many business are sold or managed by overseas companies. But with the type of management etc we have in this country everything is for sale.

Edited to say the EU is spending a few billion to make sure that chips etc can are made in Europe so that we are not reliant on the Far East.

 

[Arnside037]

Great to see it coming home ... if it really does go through. Been a long term supporter of ARM since the 1990s when I sold my ARM shares to pay off the mortgage and retire early. Best decision I ever made. All the rest since have been rubbish!

Except buying the moho that is.
Oh, and joining the Forum...

 

[EuroTrotters]

Up until five years ago, One of our younger daughters had been renting with her husband.

They had vile neighbours move in and I suggested they buy instead of renting. Of course I didn’t know what I was talking about. Her husband very keen to rent again.

They are now buy-to-let landlords of 6 properties.

I just hope they don’t get bad tenants like we did .

 

[Gromett]

Should never have been sold in the first place too many business are sold or managed by overseas companies. But with the type of management etc we have in this country everything is for sale.

Edited to say the EU is spending a few billion to make sure that chips etc can are made in Europe so that we are not reliant on the Far East.

We operate a free market economy, this is the way it works. If you have a stock market to raise funds to grow a business there is a chance you can be bought out. Once goes with the other.

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[Coolcats]

We operate a free market economy, this is the way it works. If you have a stock market to raise funds to grow a business there is a chance you can be bought out. Once goes with the other.

"If ARM was an American company, a German, a French company or a Japanese company, it would not be able to be sold in 60 days - there would be a question of national significance and public policy to determine whether we should sell," he said.

Too true I am afraid Gromett

 

[Gromett]

"If ARM was an American company, a German, a French company or a Japanese company, it would not be able to be sold in 60 days - there would be a question of national significance and public policy to determine whether we should sell," he said.

Too true I am afraid Gromett

If you are talking about the sale to softbank? Then 95% of the investors/owners/shareholder voted for this sale. That is who should decide whether a company can be sold and to whom, unless it is a national security issue.
I wasn't happy about the softbank sale but I had nothing against it going ahead in a free market economy.

My problem with the NVidia sales is that nvidia would likely become anti competitive with the technology and everyone would suffer. They would also likely shut down the UK side and make a purely 100% internal company in the US.

BUT. The UK regulators, The EU regulators, the US regulators and more put paid to the Nvidia plan. so all is well.

 

[Coolcats]

Grommet there are many people here including myself who have invested in the free market and who understand how this works. Looking at the news Arm is only partially going to be re listed on the London stock market. It is understood that shareholders voted for the buyout. The free market has its flaws, the sale of Arm was one of those. It cannot be argued that simply partially re-listing Arm on the stock exchange is great news unless jobs and investment happen as well. Looking at the article the main holding is in the US and is more political than a business decision.

Arm looked set to opt for an exclusive US listing in New York over fears tech companies are undervalued by UK markets.

But yesterday Bloomberg reported it will list some of the stake in London – a win for ministers who stepped up a charm offensive to bring the business back to the UK.

We all see what we wish to see and would suggest this is not as fantastic as billed so let’s see how things unfold

 

[Podney]

Potentially good news for ARM and for Cambridge. They created a lot of millionaires in the area in the nineties and the sales of Porsche’s at the local dealer went through the roof. I guess they’ll be leccie ones next time the boom comes

 

[Gromett]

Grommet there are many people here including myself who have invested in the free market and who understand how this works. Looking at the news Arm is only partially going to be re listed on the London stock market. It is understood that shareholders voted for the buyout. The free market has its flaws, the sale of Arm was one of those. It cannot be argued that simply partially re-listing Arm on the stock exchange is great news unless jobs and investment happen as well. Looking at the article the main holding is in the US and is more political than a business decision.

Arm looked set to opt for an exclusive US listing in New York over fears tech companies are undervalued by UK markets.

But yesterday Bloomberg reported it will list some of the stake in London – a win for ministers who stepped up a charm offensive to bring the business back to the UK.

We all see what we wish to see and would suggest this is not as fantastic as billed so let’s see how things unfold

You did notice I said and I quote;

A UK float of some portion of the business. A foot in the door.

Even when it was floated on the UK stock market there was no guarantee that the majority of the shareholders were british and that it was therefore british owned.

My only hope is that the main staff/workforce remain here. That is the bit that matters. The jobs. In second place I hope it remains an independent company which this float indicates it will be. Finally in third place I want to see it head quartered in the UK so that it pays the taxes here and can clearly be called a British company.

Who owns it means nothing at the end of the day.

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[The Wino]

You did notice I said and I quote;


Even when it was floated on the UK stock market there was no guarantee that the majority of the shareholders were british and that it was therefore british owned.

My only hope is that the main staff/workforce remain here. That is the bit that matters. The jobs. In second place I hope it remains an independent company which this float indicates it will be. Finally in third place I want to see it head quartered in the UK so that it pays the taxes here and can clearly be called a British company.

Who owns it means nothing at the end of the day.

So presumably Dyson are on the evil companies list having moved their HQ and manufacturing away from the UK .

 

[Gromett]

So presumably Dyson are on the evil companies list having moved their HQ and manufacturing away from the UK .

Where did I ever use the the word evil.

I have never been a fan of Dyson. But credit to him he has kept the higher value engineering and development jobs in the UK. Founded, Funds and Operates an engineering "university" in the UK.

Yes, I would prefer him to have kept the headquarters in the UK. But can honestly understand him moving the manufacturing offshore.

 

[Coolcats]

You did notice I said and I quote;


Even when it was floated on the UK stock market there was no guarantee that the majority of the shareholders were british and that it was therefore british owned.

My only hope is that the main staff/workforce remain here. That is the bit that matters. The jobs. In second place I hope it remains an independent company which this float indicates it will be. Finally in third place I want to see it head quartered in the UK so that it pays the taxes here and can clearly be called a British company.

Who owns it means nothing at the end of the day.

A foot in the door when 8 years ago it was 100% U.K. business

So how will the redundancy plans be affected my guess is a review period then a cull as the share holders need their dividends.

UK chipmaker Arm to cut up to 1,000 jobs after $40bn sale collapses​

The Cambridge-based company said most of the job losses, totalling up to about 1,000 roles, would be in the UK and the US. Arm employs more than 6,500 people worldwide, including 3,000 in the UK.

Arm said: “Like any business, Arm is continually reviewing its business plan to ensure the company has the right balance between opportunities and cost discipline. Unfortunately, this process includes proposed redundancies across Arm’s global workforce.”