The Labour party has called on the government to intervene to prevent parts of the microchip designer Arm from being moved out of the UK if it is bought by the US chipmaker Nvidia.
Ed Miliband, the shadow business secretary, said the government should seek “legally binding assurances” from Nvidia that it would not move Arm’s headquarters out of Cambridge.
Arm, the UK’s most valuable tech company, could be sold by its owner, SoftBank, to Nvidia for more than $32bn (£25bn), according to reports that first emerged in July.
Arm designs chips that are adapted by manufacturers and used in most mobile phones as well as computers and, increasingly, devices connected to the “internet of things”.
Apple uses Arm-based chips in its iPhones, and in June it said it would move to Arm’s architecture for its Mac computers, in a blow to