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In the wake of UK Brexit vote, ARM Holdings is to be bought by Softbank for $32 billion

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The technology industry in the UK was rocked by the historic Brexit vote in the referendum about membership of the EU just a few weeks ago. Concerns were voiced that tech companies would scramble to leave the UK, and with Japan's Softbank Group due to buy UK chip-maker ARM Holdings for $32 billion (£24 billion), this could just be the start of things. ARM chips are found in mobile devices produced by Apple and Samsung, and more recently it has branched out into the Internet of Things. But while some will be unhappy with the change of ownership, Softbank says… [Continue Reading]

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