Cambridge staff ‘fobbed off’ at meeting over Arm sale to Nvidia, says union

UK government urged to intervene in SoftBank’s $40bn deal with US tech firm

Opposition to the $40bn (£31bn) sale of the UK’s largest tech firm, Arm Holdings, is mounting, as the trade union Unite said staff concerned about their future had been “fobbed off” and the company’s local MP urged the government to act.

The US software company Nvidia said on Monday it had agreed to buy Arm, a global leader in designing chips for smartphones, computers and tablets, from the Japanese tech investment business SoftBank.

Related: Arm's sale to Nvidia makes sense but we need binding guarantees | Nils Pratley

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