Nvidia vows to invest in Britain as part of Arm deal

SourceZawya
SectorEconomy
CountryGCC

It was sold in 2016 to Japan's SoftBank after the conglomerate pledged to retain Arm's headquarters in Cambridge, England, and increase jobs - a commitment that Nvidia CEO Jensen Huang reiterated on Monday."We want to grow Arm and make it become even greater," Huang told analysts on a call, adding Arm would hire more engineers, spend more on research, and run a new artificial intelligence research centre in Cambridge."The UK government will realise that we are making a very significant investment in the UK," added Huang. He stopped short, however, of making formal job guarantees and said talks with the UK government had yet to begin in earnest.A spokesman for Johnson said ministers had spoken to the relevant companies and were looking at what the deal meant for Arm's Cambridge ...read more...