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542318
registered interest false more like this
date remove filter
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading ARM: SoftBank more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the implications for the technological competitiveness of the UK of the proposed takeover of ARM Holdings by the Japanese company Softbank; and if he will make a statement. more like this
tabling member constituency New Forest East more like this
tabling member printed
Dr Julian Lewis more like this
uin 43942 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-09-08more like thisremove minimum value filter
answer text <p>The UK remains open for business and we welcome firms that want to invest in growth here. The UK’s technological innovations, skilled workforce and competitive business environment make it one of the world’s best destinations for investment.</p><p> </p><p>ARM Holdings is a highly respected company who have achieved great things: working with the UK’s Takeover Panel, Softbank have published a set of clear and binding undertakings, including that ARM’s global headquarters would remain in Cambridge and that the UK workforce would at least double if the acquisition is finalised. This provides reassurance that ARM would continue to develop leading-edge technology in the UK as part of the UK technology industry.</p> more like this
answering member constituency Ruislip, Northwood and Pinner more like this
answering member printed Mr Nick Hurd more like this
question first answered
less than 2016-09-08T10:50:57.157Zmore like thismore than 2016-09-08T10:50:57.157Z
answering member
1561
label Biography information for Mr Nick Hurd more like this
tabling member
54
label Biography information for Sir Julian Lewis more like this