Prime Minister Liz Truss wants British chip maker ARM to list the company in the UK.
Japanese company SoftBank has been preparing to take ARM public after plans to sell the company to Nvidia fell through due to “significant regulatory challenges”.
But SoftBank wants to put the company on the NASDAQ exchange in New York instead of London.
In May, it was reported former PM Boris Johnson wrote to SoftBank while ministers and executives from the London Stock Exchange would try and persuade them to rethink. Talks broke down in the summer when Johnson had to rethink himself.
ARM has warned that it could cut up to 15 percent of its workforce as it prepares to go public.
Most of the proposed job cuts would be in the US and the UK, ARM added.
