Hermann Hauser says British-based firm is a ‘powerful weapon’ in post-Brexit trade talks

Dominic Cummings’ hopes of building a trillion-dollar UK tech champion in the mould of Apple and Google will be undermined if ministers wave through deals like the $40bn (£31bn) sale of Arm Holdings, one of the company’s co-founders has said.

Pressure is mounting on the government to step in, after US software firm Nvidia said on Monday that it had agreed to buy Cambridge-based Arm, a global leader in providing chips for smartphones, computers and tablets, from Japan’s SoftBank.

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