The Financial Times recently published an article by Tom Tugendhat, a British Conservative MP and member of the British Foreign Affairs Select Committee. The article believes that the British government should act to save Arm.

The article believes that after the Brexit referendum, the British government was eager to show the world that it really wanted to go global to show openness. For this reason, the British government decided to sell its national treasure Arm to SoftBank. The sale is aimed at providing a "long-term home" for the UK's only top semiconductor high-tech company, with SoftBank promising to secure Arm's innovation capabilities and technology research base.

But two crucial things were unclear at the time, the article noted. First, whether Arm will play a key role in protecting national security and maintaining global competitiveness amid heightened geopolitical tensions. Second, SoftBank itself will be overextended. More than three years later, Arm fell victim to a resale to U.S. chip company Nvidia.

The risks to national security and competition cannot be ignored. After the $40 billion Nvidia deal fell through in February, the government should take a fresh look at how to retain a company that is vital to Britain's future.

SoftBank now wants to list Arm independently, despite a vigorous lobbying campaign by the government, the London Stock Exchange and the investment community to try to persuade SoftBank to choose London as the main listing venue, given the technology focus and stronger Nasdaq in the US , it seems more likely to be listed there.

The article analyzes that capital is not the only factor. The Russian-Ukrainian conflict and China's chip sovereignty plan have made national security a key component of technological leadership.

The British Prime Minister's recent last-ditch effort to lobby SoftBank to choose London as its main listing venue has been welcomed, but it is too late to make a timid compromise. In the interests of national security and the scientific and technological base on which the UK's economic strength depends, the UK needs a bolder long-term strategy.

The article pointed out that the British government should ensure that the interests of the United Kingdom are protected in the form of gold shares, such as a commitment to buy a 25.1% stake in Arm at market prices to promote, support and, if necessary, force its listing in London. This will secure Arm's future and end years of anxiety-ridden "drumming".

There are precedents for such measures. To secure the future of satellite company OneWeb, the UK government has invested $500 million to establish principles for strategic support to technology companies. UK government investment has the power and ability to become a long-term holder of Arm.

As a major shareholder, the government can attract investors from other British private companies to list in London. Unlike the remaining shares held by SoftBank after going public, the government's interests will be held for a long time, creating reinvestment opportunities for long-term investors.

The article also suggested that the UK government would not and should not try to control Arm or its day-to-day activities, but rather to ensure that the company operates with the goal of scientific innovation in the key global industry of semiconductors.

The article concludes by pointing out that providing Arm with the security and stability it needs for long-term investments and protecting its business philosophy is a matter of national interest, and the government should take immediate action.