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Future of British Business

UK Has ‘No Chance in Hell’ of Making Its Own Tech Champs: ARM Founder

  • UK has struggled to keep tech firms owned by local investors
  • Hauser speaking at Bloomberg’s Tech Summit in London
Hermann Hauser during the Bloomberg Tech Summit on Sept. 28.
Hermann Hauser during the Bloomberg Tech Summit on Sept. 28.Photographer: Chris J. Ratcliffe/Bloomberg

The UK has “no chance in hell” of becoming technologically sovereign, Hermann Hauser, the co-founder of Amadeus Capital Partners and Acorn Computers, said at Bloomberg’s Technology Summit in London.

Hauser emphasized the need for Europe and the UK to have access to critical technologies so it is not dependent on countries like the US. He mentioned former US President Donald Trump, who he said used semiconductor design software as “a weapon to force other countries including Britain to do what he wants.”