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ARM Holdings takeover: Founder says 'It's a sad day for technology in Britain'

Hermann Hauser is the founder of ARM Holdings Credit: Hermann Hauser

The founder of ARM Holdings says the takeover of the Cambridge company by a Japanese firm is a 'sad day for technology in Britain'.

Hermann Hauser says the creation of ARM Holdings has been the 'proudest moment' in his life.

The company makes chips for smartphone brands such as Apple and Samsung and employs 3,000 people in Cambridge at the Science Park.

ARM Holdings, Cambridge Science Park Credit: ITV News Anglia

"ARM has been the proudest achievement in my life and so it's a very sad day for me personally and for technology in Britain."

– Hermann Hauser, ARMS founder

Japanese internet giant SoftBank has said it will double the number of staff in the UK. While the Chancellor of the Exchequer Philip Hammond has welcomed the sale, calling it a 'vote of confidence' in Britain.

But the MP for Cambridge Daniel Zeichner is not convinced, raising concerns about what happens in the long term.

Watch a short clip with Hermann Hauser.

Cambridge MP cautious over ARM Holdings takeover

Daniel Zeichner MP, Cambridge, Labour Credit: ITV News Anglia

A technology company based in Cambridge is being bought by a Japanese firm for more than 23 billion pounds.

ARM Holdings, which makes chips for smartphone brands including Apple and Samsung, employs around 1,200 people in the city.

Its new owners, the Japanese internet giant SoftBank has said it will double the number of UK staff.

The Chancellor of the Exchequer, Philip Hammond, welcomed the sale calling it a "vote of confidence" in Britain.

However, the MP of Cambridge Daniel Zeichner isn't convinced.

ARM Holdings Credit: ITV News Anglia

"Well of course the promises are great, but how are those promises going to be guaranteed? Do we know what will happen in 6 months or a year? Do we know much about SoftBank? And they seem to be making some pretty big deals across the world. This is a Cambridge success story upon which the future of the United Kingdom is probably depends because this is what we're good at."

– Daniel Zeichner MP, Cambridge, Labour


Cambridge tech firm takeover could double UK workforce

The £24bn takeover of Cambridge technology company ARM Holdings could see its UK workforce doubled. Credit: Bay Area News Group/ABACA/PA Images

The £24bn takeover of Cambridge technology company ARM Holdings could see its UK workforce doubled. It employs more than 3,000 people in Cambridgeshire.

The British company is a major presence in mobile procession, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed microchips.

The deal has been welcomed by the new Chancellor of the Exchequer Philip Hammond who said it shows that Britain had lost "lost none of its allure to international investors" following Brexit.

The Chancellor Philip Hammond says the deal guarantees to double the number of jobs in the UK. Credit: Andrew Matthews/PA Wire

"This £24 billion investment would be the largest ever from Asia into the UK.

"It would guarantee to double the number of jobs in ARM in the UK over the next five years and turn this great British company into a global phenomenon.

"Britain is open for business - and open to foreign investment. Softbank's decision confirms that Britain remains one of the most attractive destinations globally for investors to create jobs and wealth. And as ARM's founders will testify, this is the greatest place in the world to start and grow a technology business."

– Philip Hammond, Chancellor

Plans for former bus station site go on show

There are plans to develop the site of the former Greyfriars bus station in Northampton. Credit: ITV News Anglia

Proposals for the future of the demolished Greyfriars bus station site in Northampton will be put on display this week.

The iconic building was demolished last year, and the council will put forward two plans for the site - which could include shops, restaurants and housing.


Plans for Oxford-Cambridge 'Varsity Line' gathering speed

Video report from ITV Anglia's Liz Summers

A parliamentary debate about 'East West Rail' - which aims to introduce faster and more reliable trains between Oxford and Cambridge via Milton Keynes - could bring the project a step closer.

If it gets the go-ahead the long term programme called 'Futures 2050' would boost jobs and homes across the region and ultimately see the so called Varsity Line reopen.

The proposed line would connect the university cities of Oxford and Cambridge. Credit: ITV Anglia

"The section from Oxford through to Bedford has started and is well on the way to complete.

We obviously want to extend that from Bedford, through Milton Keynes towards Cambridge.

We've done a lot of work, we've got a corridor we'll now investigate the actual route we will consult on that but obviously what we do need next is the finance from central government."

– Cllr Ian Bates, Chairman of East West Rail (central section)

Cambridge campaigners vow to protect city's international reputation after Brexit

Video report from ITV Anglia's Matthew Hudson.

A new group has come together in Cambridge to press for the city's place in high tech research and development to be maintained after Britain withdraws from the EU.

The Cambridge Declaration includes leaders from politics, business and academia - many of whom were prominent Remain campaigners. They're particularly concerned that the skilled foreign workers the city relies on should still be made welcome.

It comes as the Northamptonshire MP Andrea Leadsom, who's in the race to become the next Prime Minister, says Brexit should be seen as an opportunity for businesses.

Images revealed of new Chelmsford leisure centre

The artist impression from company Pick Everard Credit: Chelmsford City Council

Images of Chelmsford's new leisure centre have been released. The complex which will be built on the existing Riverside Ice & leisure Centre site will have a ten lane pool, two teaching pools and pool with flumes.

There'll also be a gym and fitness studios.

The work will start in summer 2017 and is expected to be finished by the end of 2018.

The current leisure centre will stay open through the build.

How the new leisure centre in Chelmsford will look Credit: Chelmsford City Council

"The new Leisure Centre will be designed to provide access to the widest possible cross-section of the community under the principle 'The Best Leisure Offer for the Most People', providing an affordable family-friendly attraction suitable for all. Later this year we will be able to see the designs coming together and I hope at this point people will be inspired at the thought of having this fantastic facility in our city centre."

– Councillor Julia Jeapes, Chelmsford City Council
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