Widely regarded as the jewel in the crown of the U.K. tech sector, Arm employs employs around 6,400 people worldwide.
uses them in Kindles, and car manufacturers use them in vehicles. If Nvidia stopped other companies using Arm's chip designs in their semiconductors then analysts said the implications could have been huge.
Critics of the deal also suggested that Nvidia may cut jobs at Arm once it took ownership of the company. However, Nvidia repeatedly stressed that it wanted to invest in Arm.last July that the company may need to cut jobs if the Nvidia deal was blocked. SoftBank is now planning to take Arm public with the Nvidia deal off the table. Masayoshi Son, SoftBank's CEO, said in February that the company will most likely be listed on New York's Nasdaq stock exchange.Julian Rowe, general partner at tech investment firm Latitude, told CNBC that the U.K.
"History will tell you that Nasdaq or NYSE might be a more natural home for a chip designer like Arm, but that underestimates the degree to which Arm is arguably the least known success story in U.K. tech and the special position it can occupy through a London listing," Rowe said.