Chief executive Rene Haas has said the company will keep its material intellectual property, headquarters and operations in the UK
Mr Urqhuart also suggested that British export restrictions on technology risked holding back the industry going forward. The company is owned by Japanese investment giant Softbank, which took over the company in 2016 in a deal that valued the firm at $32bn. Prior to the purchase, it was listed in both London and New York for 18 years.
It said it had already lined up some of its big-name customers, including Apple, Google and Nvidia, as investors, who have committed to buying about $735m worth.
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