UK considers blocking Nvidia takeover of Arm over security bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
UK considers blocking chip company takeover 4 min. today at 07:03
US company Nvidia announced in September a $40 billion deal to acquire Arm, a UK-based semi conductor firm US company Nvidia announced in September a $40 billion deal to acquire Arm, a UK-based semi conductor firm Semiconductors are missing amid high demand Photo credit: Shutterstock
The UK is considering blocking a takeover of Arm Ltd. by Nvidia Corp. due to potential risks to national security, according to people familiar with the discussions.
Nvidia, the biggest U.S. chip company by market capitalisation, announced in September a $40 billion deal to acquire Arm from Japanâs SoftBank Group Corp., as part of a push to spread its reach in the surging market for semiconductors. SoftBank has been selling assets to raise cash for buybacks and fresh investments in startups.
The news about a potential Nvidia/Arm deal has been simmering for quite some time, but it now looks like the UK Government might spoil the broth. Last September, we saw some leaks ahead of the official $40 billion Arm acquisition announcement from Nvidia. However, since that date there appears to have been some push-backs organised by various interested tech companies and governmental regulators. See here for previous coverage.
The UK government asked the Competition and Markets Authority (CMA) to prepare a report on the Nvidia/Arm deal, back in April. Particular focus was to be put on whether the deal might be anti-competitive, and the report should also consider any national security concerns emanating from the takeover.
The news about a potential Nvidia/Arm deal has been simmering for quite some time, but it now looks like the UK Government might spoil the broth. Last September, we saw some leaks ahead of the official $40 billion Arm acquisition announcement from Nvidia. However, since that date there appears to have been some push-backs organised by various interested tech companies and governmental regulators. See here for previous coverage.
The UK government asked the Competition and Markets Authority (CMA) to prepare a report on the Nvidia/Arm deal, back in April. Particular focus was to be put on whether the deal might be anti-competitive, and the report should also consider any national security concerns emanating from the takeover.
UK casts doubts over Nvidia s Arm acquisition over security risks industryleadersmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from industryleadersmagazine.com Daily Mail and Mail on Sunday newspapers.