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Nvidia purchase of chip designer Arm sets off debate in UK

Possible headquarters move for tech 'crown jewel' risks massive job losses

Arm's chip designs are used in more than 90% of the world's smartphones. The BBC calls the company the "crown jewel" of the British tech industry. (Photo courtesy of ARM)

LONDON -- SoftBank Group's decision to sell its U.K. chip designer Arm Holdings has cast a shadow over the U.K. economy's already-bleak prospects after the country left the European Union. There are growing concerns that the purchase of Arm by U.S. chipmaker Nvidia may see jobs depart.

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