Not 100% sure which government you're referring to here but a polite reminder that ARM, although owned by Softbank, is still a British company with its HQ in Ca

Not 100% sure which government you're referring to here but a polite reminder that ARM, although owned by Softbank, is still a British company with its HQ in Cambridge UK and design centres around the world including the US. I'm sure many US companies would be fine owners of ARM but it doesn't have to be owned by one to secure its future and that of the architecture. Intel would a) not be allowed to buy for very clear antitrust reasons b) as owner would be very likely to be a disaster for both Intel and ARM. Intel has had ARM licenses in the past and has sold the relevant businesses.