Government intervenes in sale of UK chip designer Arm over national security implications

A “high-level manager” of the FIN7 hacking group has been sentenced to ten years in prison.

The planned $40bn (£29bn) sale of UK-based chip designer Arm Holdings will be scrutinised by regulators over potential national security concerns after an intervention by the government.

Digital secretary Oliver Dowden has stepped in after current owner, Japanese conglomerate Softbank, agreed in September to sell Arm to America’s Nvidia.

The intervention is designed to ensure that an investigation of the deal by the Competition and Markets Authority (CMA) includes “any national security implications for the United Kingdom”.

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Source: Sky News