What you need to know
The UK has paused NVIDIA s ARM acquisition while it opens an investigation into national security concerns.
It will also seek advice from interested third parties as part of this probe.
NVIDIA has committed to cooperating with the investigation.
NVIDIA s Arm purchase has just hit a snag as the UK today announced that it would be halting the $40 billion deal pending the results of a probe.
The UK s Competiton and Markets Authority, or CMA, will be investigating the transaction. It will then issue a report focusing on jurisdictional and competition issues alongside a summary of any representations it receives on potential national security issues arising from a consultation it will launch to gather third-party views. One might imagine Qualcomm and Graphcore would have a lot to contribute to the third party views section, for example. Qualcomm had reached out to the CMA, alongside the FTC snd European commissions over concerns that NVIDIA could restrict acc
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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.
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 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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