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UK considers blocking Nvidia takeover of Arm over security
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UK Considers Blocking Nvidia Takeover of Arm Over Security
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Aug 4, 2021
The U.K. 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 capitalization, announced in September a $40 billion deal to acquire Arm from Japan’s 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.
In April, U.K. Culture Secretary Oliver Dowden asked the Competition and Markets Authority (CMA) to prepare a report on whether the deal could be deemed anti-competitive, along with a summary of any national security concerns raised by third parties.
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.
UK may block Nvidia s $40-billion acquisition of ARM
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