UK chipmaker Arm to cut up to 1,000 jobs after $40bn sale collapses

Company says most of redundancies will be in UK and US after Nvidia takeover falls through

Arm is planning to cut up to 15% of its workforce, the UK computer chipmaker has said, just over a month after the collapse of its $40bn (30bn) sale to its US rival Nvidia.

The Cambridge-based company said most of the job losses, totalling up to about 1,000 roles, would be in the UK and the US. Arm employs more than 6,500 people worldwide, including 3,000 in the UK.