Nvidia and Huawei face uncertain future in Britain’s high-tech capital

University of Cambridge

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LONDON — Situated in the middle of China and the U.S., the English university city of Cambridge has found itself at the center of two massive tech sagas.

U.S. chip maker Nvidia and Chinese hardware manufacturer Huawei have big expansion plans in Cambridge but both companies have big hurdles to overcome if their dreams are to be realized.

Nvidia hopes to acquire Cambridge-headquartered Arm for $40 billion and set up a new “world-class” AI center in the city, while Huawei plans to build a £1 billion ($1.3 billion) research lab in Sawston, located roughly eight miles from Cambridge city center.

Renowned for being one of the world’s greatest intellectual powerhouses, Cambridge is home to thousands of tech workers and companies like Amazon, Microsoft and Apple all employ highly-educated research teams in the city. “Lots of tech companies want to get foothold in

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Britain’s Octopus Energy to create 1,000 jobs, new tech hub

LONDON, Oct 5 (Reuters) – Britain’s Octopus Energy plans to double its workforce by the end of 2021 and launch a new technology hub in Manchester in the northwest of England, creating around 1,000 jobs, it said on Monday.

The move comes as economists warn of the stark impact of coronavirus-related restrictions on the economy, with the Bank of England expecting a jump in the jobless rate to 7.5% as measures to support jobs ease.

“These 1,000 jobs will provide exciting opportunities across the country for those who want to be at the cutting edge of the green revolution,” Prime Minister Boris Johnson said in a statement from the company.

The new jobs will also be spread across existing sites in London, Brighton, Warwick and Leicester and will primarily go to graduates, the company said.

Octopus Energy is one of Britain’s fast growing energy suppliers with around 1.7 million customers

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