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Business deals

SoftBank's planned Arm sale to Nvidia triggers UK security check

British officials wary of technology transfers through $40bn deal

The sale of Cambridge-based chip design house Arm to California-based graphics processor company Nvidia faces national security and antitrust scrutiny in the U.K. (Photo courtesy of Arm)

LONDON -- The British government is launching a national security investigation of SoftBank Group's blockbuster deal to sell chip design house Arm to U.S. graphics processor company Nvidia.

"We want to support our thriving U.K. tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this," Digital Secretary Oliver Dowden said in a statement issued Monday.

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