RE: Monaco Zak the safari explorer10 Sep 2024 18:57
Former Arm CEO criticizes Britain for not holding onto its top tech firms
Warren East, who led Arm between 1994 and 2013, said there have been criticisms that lackluster growth and poor rates of GDP per head in the U.K. are a source of national "embarrassment."
He added that too often tech firms in Britain move their operations overseas or list elsewhere abroad.
"I think we have a lot to offer in terms of U.K.-based innovative technology," East said, adding: "We tend not to be able to realise as many global businesses as that promise would suggest."
CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift from the investor community to win on the world stage, a former CEO of British chip design firm Arm said Tuesday.
In a keynote speech at Cambridge Tech Week, Warren East, who led Arm between 1994 and 2013, said that there have been criticisms that lackluster growth and poor rates of GDP per head in the U.K. are a source of national "embarrassment."