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The Guardian - UK

Business

Dan Milmo Global technology editor

SHOCKING: British chipmaker graphcore bought by japan s softbank - What They Never Told You

Graphcore SoftBank Japan Bristol Nvidia

Graphcore co-Founder and CEO Nigel Toon introduces the company's range of Mk2 IPU systems. — Graphcore’s co-founder, Nigel Toon, says: ‘How can we expect businesses to grow without those pools of capital unless they secure funding from other sources?’ Photograph: Graphcore

Britain risks a tech “talent drain” to the US if British pension funds fail to back the sector, according to the co-founder of a UK chipmaker that has announced its sale to Japan’s SoftBank.

Nigel Toon, the co-founder and chief executive of Graphcore, said domestic pension funds were giving inadequate support to private businesses in the UK.

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