Question to the HM Treasury:

To ask the Chancellor of the Exchequer, on how many occasions he and his Department have had discussions with (a) Nvidia and (b) Arm on the sale of Arm from Softbank to Nvidia.

Neither the Chancellor nor HM Treasury have held discussions with Nvidia or Arm on the sale of Arm from Softbank to Nvidia. The Government recognises the vital role ARM plays in the UK’s tech sector and its contribution to the economy.

The Government monitors acquisitions and mergers closely. We will be scrutinising the Arm deal in close detail to understand the implications for the UK, and if further action is required.