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ARM Holdings to be sold to Japanese firm in £24bn deal

James Preston

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jamesp@baylismedia.co.uk

10:19AM, Monday 18 July 2016

ARM Holdings to be sold to Japanese firm in £24bn deal

A UK technology firm with offices in Maidenhead is to be sold to a Japanese company in a £24bn deal.

ARM Holdings, which has an office in Moorbridge Road, confirmed the deal with Softbank today.

ARM said it had received assurances that Softbank would at least double employee headcount in the UK over the next five years and its UK headquarters would remain in Cambridge.

The firm was founded in 1990 and designs chips for a number of smartphones, including Apple and Samsung products.

It had more than 4,000 employees worldwide, 30 of whom are based in Maidenhead.

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