Britain opposes sale of ARM to Nvidia
UK trade unionists oppose ARM's sale to American Nvidia. In particular, union representatives believe that the deal could cause the loss of thousands of jobs in the country. They are supported by politicians: the shadow minister of entrepreneurship and a member of the country's parliament.
Concerns over the ARM deal are raised by Unite, the UK's largest union with 1.4 million members as of July 2020. According to Unite, the deal to buy ARM by the American giant will negatively affect the development of the country's technology sector. They see a threat, despite announcements by the new owners of the company to continue funding ARM and build a large innovation center in Cambridge with an ARM-based supercomputer.
Also, the union believes that Nvidia makes unfulfilled promises about the jobs of employees and many of them may be fired. Now the company employs about 3 thousand people.
Unite believes that after the deal is finalized, ARM will be closed in the UK. Daniel Zeichner, a member of the country's parliament from Cambridge, agrees with him. Zeichner plans to attend the Unite online meeting and learn about all the concerns of the union. Then he intends to report everything to the government.
The country's shadow minister of business, energy, and industry, Edward Miliband, believes the fears are valid. According to regional spokesman Matt Waley, the deal is contrary to the national interests of Great Britain. He finds it insane to put the country at risk and give ARM to a multinational corporation that is waiting for ARM to close.
The British Prime Minister declares his intention to retain ARM as a backbone company making a significant contribution to the country's economy.
According to local laws, UK authorities can delay any dealings with local companies for up to two months if this could potentially harm national security.