Amazon is among companies that are already betting on the tech. But experts say one risk Nvidia faces is that the takeover could encourage ARM's wider client list to shift focus to a rival type of chip technology, which lags behind in terms of adoption but has the benefit of not being controlled by one company.
Mr Blaber also suggested regulators might block the deal. Mr Huang has said that he expects it to take more than a year to "educate" regulators and answer all their questions, but said he had "every confidence" they would ultimately approve the investment. It's a deal which the man who founded ARM says is a disaster.
And many in the UK's technology industry will agree with Hermann Hauser. He opposed the sale of the chip designer to Softbank but accepted that the Japanese firm stood by its guarantees to boost employment and research in Cambridge. But a takeover by Nvidia, one of the many firms that licences ARM's designs, appears to pose a threat to its business model - why will its hundreds of other customers now have faith that they will have equal access to its technology?
In recent days leading figures in the Cambridge technology sector have lobbied Downing Street, calling for ministers to intervene to bring ARM back under UK ownership. There have been signs that the government is considering a more active industrial policy.
Dominic Cummings, who has talked of the need for the UK to have a trillion dollar tech company, is leading the drive for a more interventionist approach.
Now, with Hermann Hauser and others warning that this deal will make Britain a US vassal state, the government is under pressure to step in and ensure that control over vital home-grown technology is not lost to a foreign power.
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The sale of British firms to foreign buyers always raises concerns, particularly when targets are genuinely world-leading in their field. In this case, the horse had already bolted to some extent.
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