Nvidia Corp‘s proposed $40 billion acquisition of Arm Ltd would better support the creation of UK technology jobs than the SoftBank Group Corp unit becoming a standalone public company once again, Arm’s chief executive said on Friday.
“We contemplated an IPO but determined that the pressure to deliver short-term revenue growth and profitability would suffocate our ability to invest, expand, move fast and innovate,” Arm CEO Simon Segars wrote in a blog post.
