UK minister welcomes commitment to keep Arm in Cambridge

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© Reuters. FILE PHOTO: NVIDIA logo shown at SIGGRAPH 2017

(Reuters) – The British government is scrutinising the $40 billion plan by Nvidia (O:NVDA) to buy chip designer Arm and is happy to see a commitment to keep Arm’s headquarters in , a government minister said on Tuesday.

“The government is taking a very close interest in this transaction,” John Glen, secretary to the Treasury, told parliament.

“It is pleasing to see yesterday that parties close to the transaction said that their headquarters would remain in Cambridge. It’s a matter that we are engaging very closely in.”

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Source: Investing.com

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