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UK to Probe Nvidia s Arm Acquisition on National Security Grounds

(Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) The UK will investigate Nvidia’s plan to buy Arm, a key provider of smartphone chip designs, citing national security.  On Monday, the UK’s Digital Secretary Oliver Dowden issued the notice, saying: “he is intervening in the sale on national security grounds.”  The action means the UK’s Competition and Markets Authority will prepare a report on the proposed acquisition’s impact on market competitiveness and national security. The report is due by July 30, and will be submitted to Dowden. He’ll then decide whether to pursue a more in-depth investigation, which could lead the secretary to clear, oppose or require changes to the acquisition, according to the global law firm Morgan Lewis.  

On National Security Grounds, the U K Intervenes on Nvidia s Deal for Semiconductor Designer Arm

It s being reported this morning that the U.K. will intervene on Nvidia Corp.’s $40 billion deal for British semiconductor designer Arm Ltd. on national security grounds. In a press release, The UK s Digital Secretary Oliver Dowden stated.

Digital Secretary instructs CMA to look into NVIDIA s takeover of ARM

Digital Secretary instructs CMA to look into NVIDIA’s takeover of ARM Digital Secretary Oliver Dowden has issued a public interest intervention notice confirming that he is intervening in the proposed acquisition of ARM Limited by NVIDIA Corporation. From: Competition body to report on jurisdictional, competition and national security issues ‘Phase one’ investigation is the start of a process to examine the transaction Digital Secretary Oliver Dowden has today issued a Public Interest Intervention Notice (PIIN) in relation to the proposed sale of ARM to NVIDIA. He has written to the Competition and Markets Authority (CMA) to inform them of his decision and has instructed them to begin a ‘phase one’ investigation to assess the transaction.

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