UK disputes ARM takeover Nvidia over 'security concerns'

Published by

teaser

Nvidia has the intent to purchase the British chipmaker Arm for about $40 billion. Given Arm's impartial stance toward clients like as Qualcomm and Samsung, the acquisition is being investigated by competition regulators in the United Kingdom, China, the United States, and Europe.



According to Bloomberg, the United Kingdom is likely to oppose the agreement. Ultimately, the Competition and Markets Authority (CMA) came to the conclusion that the takeover would have 'serious repercussions for national security' if approved. Despite the fact that no final decision has been reached, the United Kingdom might still accept the deal if certain requirements are met. Secretary of State Oliver Dowden will determine whether or not the transaction should be subjected to additional investigation by the UK's antitrust regulators.

It remains to be seen if this additional inquiry will result in any further delay. In any event, Nvidia has said that the business intends to continue its collaboration with the United Kingdom government:

“We continue to work through the regulatory process with the U.K. government. We look forward to their questions and expect to resolve any issues they may have.”

UK disputes ARM takeover Nvidia over 'security concerns'


Share this content
Twitter Facebook Reddit WhatsApp Email Print