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softbank is usually the dumb money on the poker table, funding bad ideas long after anyone intelligent leaves them. wework is probably the best example.

getting funded by softbank is probably a good proxy indicator for companies losing their competitive edge.

At least in the USA, Europe. Remember ARM China going rouge: https://news.ycombinator.com/item?id=28329731

I don't see how they went rouge? https://www.datacenterdynamics.com/en/news/arm-lays-off-70-s...

Arm is still in control. Some went to form another company however.

But they don't have access to new designs and no way to add new architecture extensions that could be widely adopted.

China is already red.

Arm the company is based in the UK and thr UK wants to rejoin the EU. I don't think you should be so sure about that.