ARM Holdings acquisition to be assessed for national security issues says government
Dowden said the CMA would prepare a report by the end of July
Nvidia Inc’s (NASDAQ:NVDA) proposed US$40bn of UK tech star ARM Holdings is to face an investigation over potential national security issues, the government has announced.
Oliver Dowden, the UK culture secretary, said today he has told the Competition and Markets Authority (CMA) to start a formal probe into the deal.
Cambridge-based chip designer Arm is one of the jewels in the UK technology crown, with its IP licensed to hundreds of manufacturers to power mobile ph9ones, laptops, tablets and increasingly artificial intelligence applications, where US group Nvidia is keen to grow.