The UK government will now intervene in Nvidia s $40 billion purchase of Arm, says Oliver Dowden, secretary of state for digital, culture, media and sport. Though the decision does not immediately block the acquisition, it means the sale will face a higher level of scrutiny over its competition and national security effects.
The UK s digital secretary issued a public interest intervention notice, using legal powers in the Enterprise Act 2002, which let him intervene in overseas takeovers on national security grounds, exercising quasi-judicial powers.
Off the menu: Nvidia s planned aquisition of chip maker ARM may not reach the table. (Source: Konstantin Lanzet on Wikimedia CommonsCC3.0)
20 Apr 2021 | News
Leading CEOs call for €100B technology sovereignty fund
The EU wants to become an innovation powerhouse. The heads of 33 ‘unicorn’ tech companies have drawn up an eight step plan for getting there and called for funding to put it into action
Leaders of EU unicorns, start-ups worth over €1 billion, have compiled an eight step to-do list for the European Commission on how to get Europe to the forefront of innovation.
The list, ‘Next Innovation EU’, handed to research commissioner Mariya Gabriel yesterday, includes a proposal for a €100 billion technology sovereignty fund, scaling up of public procurement and a pact for all EU start-ups to become carbon neutral by 2030.
The logo of Nvidia Corporation during the annual Computex computer exhibition in Taipei, Taiwan, May 30, 2017
(Tyrone Siu/Reuters)
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: the U.K. announces a national-security review of Arms Holdings acquisition, Taiwan’s exports balloon thanks to semiconductor shortage, a hedge-fund behemoth warns of a SPAC bubble, and Biden’s $50 billion semiconductor subsidy. To sign up for the Capital Note, follow this link.
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Arms Sales
The ongoing semiconductor shortage has put the strategic importance of computer chips front and center in international politics. The Biden administration allocated $50 billion of its infrastructure proposal to domestic chip manufacturing, shortly after Intel announced plans to build two new fabricating plants in Arizona. Meanwhile, China has spent the past year beefing up its manufacturing capabilities after the U.S. placed export co
Britannia huolestui Armin ja Nvidian miljardikaupan vaikutuksista kansalliseen turvallisuuteen - Digitoday is.fi - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from is.fi Daily Mail and Mail on Sunday newspapers.