It is widely recognised as the UK-based supergiant in the chip industry. Before the takeover by SoftBank, the Cambridge-based ARM was traded in London. That announcement resonated for several reasons. The financial services industry took two big whacks last week with hopes for London listings dashed by leading firms.įirst, the Tokyo-based investor SoftBank rejected a London listing for the chip designer ARM in favour for Wall Street in New York. If that is so, London is surely braced for more bad news. " International Financial Centers Ranking 2023.Troubles, they say, come in trebles.
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