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.
UK gov t triggers national security scrutiny of Nvidia-Arm deal – TechCrunch
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Nvidia shares slump after UK government intervenes in Arm deal
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First published on Mon 19 Apr 2021 10.09 EDT
The UK government has stepped in to order an investigation of Nvidiaâs $40bn takeover of the Cambridge-based chip designer Arm, citing potential national security concerns.
Oliver Dowden, the UK culture secretary, has written to the Competition and Markets Authority (CMA) instructing it to begin a âphase oneâ investigation into the deal, which was announced in September.
The competition regulator will prepare a report by the end of July with advice on jurisdictional and competition issues, as well as a summary of any representations on potential national security issues that arise from its consultation.