Some things feel like they go on forever: a series of Strictly Come Dancing; the morning commute; Cop26; but surely nothing has dragged on as long as the protracted takeover of British chip champion Arm.
Still, after something like 15 months of trying, a possible end to the saga is in sight, though not the one that Arm’s dogged American suitor Nvidia envisaged.
This was a transatlantic merger that we were promised would deliver “tremendous benefits for both companies, customers, and the industry”.
However, the decision of the Culture Secretary, Nadine Dorries, to launch a full-blown competition and national security investigation into the deal may deliver something else entirely: the fatal blow to Nvidia’s ambitions, and rightly so.
Regression to that white hot heat of technology plus a little Englander nationalism isn’t an advance in economic thinking.
The other way of putting this is that a Japanese company selling an asset to an American one has fuck all to do with the British government. Or at least should….