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Digital world-beater Arm needs a helping hand from Boris Johnson John Naughton © Provided by The Guardian Photograph: Robert Evans/Alamy Last September, Nvidia, the American manufacturer of graphics processing chips, and the Japanese company SoftBank announced an agreement under which Nvidia would acquire the British chip designer Arm from SoftBank for $40bn. Since SoftBank had acquired Arm in 2016 for $32bn, you could say that a 25% profit on a five-year investment isn’t to be sneezed at, especially if industry mutterings about SoftBank’s crackpot investment strategy and Arm’s internal difficulties with its China-based operation are to be believed. But even if one were foolish enough to sympathise with SoftBank’s desire to climb out of the hole it had dug for itself, the idea that Arm should be sold to a US chip

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