The British website Business Weekly reported that Dr Hauser was annoyed about the fact that the Americans had forced ARM to end its relationship with Chinese telecommunications equipment vendor Huawei Technologies.

ARM, a British company, is owned by Softbank, a Japanese fund.

In May, Washington placed Huawei on a list that prevents it from buying American components for its products without government approval. The order was later relaxed until August.

Dr Hauser, who is also a venture capital investor and co-founder of Amadeus Capital Partners, told the website: “I consider this an extremely serious issue for Europe and any other non-American country as it is a question of sovereignty which we must not compromise on.

“At present we have no option given the legal situation. The solution is to design out American IP and stand on our own two feet unless we want to become vassals to the ESG (Extremely Stable Genius) as Trump describes himself.”

He said the ban would hit ARM and US companies like Google and Apple in the long run. Huawei would be affected in the near term but the ban would make other companies wary and they would try and limit their exposure fearing that future decisions would also hurt them.

“Every single supplier in the world will start thinking of how to reduce the threat of their production being terminated by an American president," Dr Hauser said.

“All the discussions I have with companies in Europe at the moment are about them going through their intellectual property portfolio and designing American intellectual property out, which is terribly sad and destructive.

“Every company in the world must now be thinking: ‘Do I want to be in a position where the American president can shut me down?’ When I talk to people in the industry, they are being very careful about not buying American products.”