London Daily

Focus on the big picture.
Thursday, Sep 18, 2025

Arm opts for New York stock listing in blow to London

Arm opts for New York stock listing in blow to London

British microchip designer Arm says it will not pursue a London stock exchange listing this year.

The Cambridge-based firm designs the tech behind processors - commonly known as chips - that power devices from smartphones to game consoles.

Reports in January said Prime Minister Rishi Sunak had restarted talks with Arm's owner, Japanese investment giant SoftBank, about a possible UK listing.

Arm says it decided a sole US listing in 2023 was "the best path forward".

Chief executive Rene Haas said in a statement: "After engagement with the British Government and the [Financial Conduct Authority] over several months, SoftBank and Arm have determined that pursuing a US-only listing of Arm in 2023 is the best path forward for the company and its stakeholders."

He added the company will consider a UK listing "in due course".

Listing a firm on a stock exchange takes it from being a private to a public company, with investors able to buy and sell shares of a company's stock on specific exchanges.

Arm's decision not to pursue a listing on the London Stock Exchange this year has raised concerns that the UK market is not doing enough to attract tech company stock offerings, with US exchanges seen to offer higher profiles and valuations.

SoftBank Group Corp's founder and chief executive Masayoshi Son said last year he would probably look to the tech-heavy Nasdaq exchange for a potential Arm listing.

Arm had a dual listing on the London stock exchange and the Nasdaq for 18 years, before it was bought by SoftBank for $32bn (£26.7bn) in 2016.

Mr Haas said Arm is increasing its UK presence and headcount, including opening a new site in Bristol, and will keep its material intellectual property, headquarters and operations, in the UK.

"Arm is proud of its British heritage, and continues to work with the British Government," he said. "We will continue to invest and play a significant role in the British tech ecosystem."

A Government spokesperson said: "The UK is taking forward ambitious reforms to the rules governing its capital markets, building on our continued success as Europe's leading hub for investment, and the second largest globally."

They added the UK "continues to attract some of the most innovative and largest companies in the world" and acknowledged Arm's commitment to its UK presence with more jobs and investment.


'Crown jewel'


Sometimes referred to as the "crown jewel" of the UK's technology sector, Arm was founded in Cambridge, England, in 1990.

Its chip design instructions and technologies are used by manufacturers like the Taiwan Semiconductor Manufacturing Company and companies like Apple and Samsung to construct their own processors.

According to its latest quarterly filing, the company has shipped more than 250 billion Arm-based chips to date, and reported revenue up 28% on the same period last year.

Efforts by SoftBank to sell Arm to graphics card giant Nvidia collapsed last year as competition regulators in the UK, US and Europe probed whether the deal would push up chip prices and reduce choice.


'Significant blow'


Russ Shaw CBE, founder of Tech London Advocates and Global Tech Advocates, said Arm's statement offered "glimpses of hope" for its commitment to its British roots, but Arm and SoftBank's decision to opt for a sole US listing is "a significant blow to the UK tech sector".

Mr Shaw said it is also "disappointing news for the London Stock Exchange and the heritage and future of the UK semiconductor industry".

He is among UK tech leaders who have called on the government to publish its semiconductor strategy to support British companies operating in the chip industry and supply chain.

He added Arm's decision "must be upheld as a case study for the UK Government of how 'not to do it'" - citing the company's sale to SoftBank in 2016 as a factor determining its US-only listing.

"Nations like the US and China that recognise the strategic value of chip companies would not have allowed such decisions to be made - then or now - and the UK must now endeavour to proactively protect its semiconductor industry," said Mr Shaw.

Newsletter

Related Articles

0:00
0:00
Close
Macron and his wife to provide 'scientific photographic evidence' that she is a real woman
US Tech Giants Pledge Billions to UK AI Infrastructure Following Starmer's Call
Saudi Arabia cracks down on music ‘lounges’ after conservative backlash
DeepMind and OpenAI Achieve Gold at ‘Coding Olympics’ in AI Milestone
SEC Allows Public Companies to Block Investors from Class-Action Lawsuits
Saudi Arabia Signs ‘Strategic Mutual Defence’ Pact with Pakistan, Marking First Arab State to Gain Indirect Access to Nuclear Strike Capabilities in the Region
Federal Reserve Cuts Rates by Quarter Point and Signals More to Come
Effective and Impressive Generation Z Protest: Images from the Riots in Nepal
European manufacturers against ban on polluting cars: "The industry may collapse"
Sam Altman sells the 'Wedding Estate' in Hawaii for 49 million dollars
Trump: Cancel quarterly company reports and settle for reporting once every six months
Turkish car manufacturer Togg Enters German Market with 5-Star Electric Sedan and SUV to Challenge European EV Brands
US Launches New Pilot Program to Accelerate eVTOL Air Taxi Deployment
Christian Brueckner Released from German Prison after Serving Unrelated Sentence
World’s Longest Direct Flight China Eastern to Launch 29-Hour Shanghai–Buenos Aires Direct Flight via Auckland in December
New OpenAI Study Finds Majority of ChatGPT Use Is Personal, Not Professional
Hong Kong Industry Group Calls for HK$20 Billion Support Fund to Ease Property Market Stress
Joe Biden’s Post-Presidency Speaking Fees Face Weak Demand amid Corporate Reluctance
Charlie Kirk's murder will break the left's hateful cancel tactics
Kash Patel erupts at ‘buffoon’ Sen. Adam Schiff over Russiagate: ‘You are the biggest fraud’
Homeland Security says Emmy speech ‘fanning the flames of hatred’ after Einbinder’s ‘F— ICE’ remark
Charlie Kirk’s Alleged Assassin Tyler Robinson Faces Death Penalty as Charges Formally Announced
Actor, director, environmentalist Robert Redford dies at 89
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
JD Vance Says There Is “No Unity” with Those Who Celebrate Charlie Kirk’s Killing, and he is right!
Trump sues the 'New York Times' for an astronomical sum of 15 billion dollars
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
U.S. and Britain Poised to Finalize Over $10 Billion in High-Tech, Nuclear and Defense Deals During Trump State Visit
China Finds Nvidia Violated Antitrust Laws in Mellanox Deal, Deepens Trade Tensions with US
US Air Force Begins Modifications on Qatar-Donated Jet Amid Plans to Use It as Air Force One
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
Elon Musk Retakes Lead as World’s Richest After Brief Ellison Surge
U.S. and China Agree on Framework to Shift TikTok to American Ownership
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
×