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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
datacenterknowledge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from datacenterknowledge.com Daily Mail and Mail on Sunday newspapers.
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.
Nvidia Gives Strong Forecast on Gamer, Data Center Demand Data center chip sales were up 80 percent and gaming revenue doubled in Nvidia s fiscal first quarter.
Bloomberg | May 26, 2021
Ian King (Bloomberg) Nvidia Corp., the largest U.S. chipmaker by market value, gave a bullish forecast on demand for chips used in gaming PCs, data centers and cryptocurrency mining.
Revenue in the current quarter will be about $6.3 billion, plus or minus 2%, the Santa Clara, California-based company said in a statement late Wednesday. The sales prediction compares with a $5.49 billion average analyst estimate, according to data compiled by Bloomberg.
Founder and Chief Executive Officer Jensen Huang has drawn investors to his company’s stock by persuading owners of data centers that are the backbone of the internet that his graphics chips are key to artificial intelligence-based computing. The company expects that demand and orders from gamers to continue to improve into the second ha
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