5 ms·
The British should never have allowed foreign ownership of their core tech
by redwood 6y ago
The British should never have allowed foreign ownership of their core tech
- ranbumo 6y agoYes. It'd have been reasonable to block sales to non eu parties for national security reasons. Now arm is yet another US company.
- scarface74 6y agoIsn’t the UK leaving the EU?
- mkl 6y agoYes, but the Brexit referendum was only 1 month before SoftBank acquired Arm Holdings. The deal was probably already in progress, and finalised before the UK had any real policies about Brexit, so EU requirements would have been reasonable if decided ahed of time. But the timing may also explain the lack of any national security focused requirement (general confusion).
- kzrdude 6y agoThat just means that their home/core market got smaller, so they should have protected ARM to stay inside E̶U̶ the UK, then.
- bencollier49 6y agoI'm so exercised about this that I'm setting up a think tank to actively discuss UK control of critical tech (and "golden geese" as per others in this thread). If you're in tech and have a problem with this, please drop me a line, I'm @bencollier on Twitter.
- hajile 6y agoBritain and the US are politically, and economically entwined with each other. As a country, keeping core technology at home is tied to defense (don't buy your guns from your competitor). If they don't intend to go to war with the US, then there isn't any real defense loss (I'd also point out that making IP "blueprints" for a core is different from manufacturing the core itself). If Britain were to have a real issue, it would be the US locking down F35 jets they sell to their allies.