January 27, 2022

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The acquisition of the British company ARM will probably not take place

The acquisition of the British company ARM will probably not take place

London / New York, December 4 (TASR) – Nvidia’s acquisition of ARM, the British chip maker, is unlikely to take place.

US graphics card maker Nvidia agreed last September to buy ARM Holdings for $ 40 billion (.4 35.43 billion). However, Britain, the European Union (EU), the United States and China opposed the acquisition. The acquisition will end in March 2022, but Nvidia chief Jensen Huang has already agreed in August that it will take more time.

U.S. The Federal Trade Commission (FTC) on Thursday (December 2) filed a lawsuit aimed at preventing the acquisition of ARM, which will firmly bury one of the largest mergers in the industry. According to the FTC, the acquisition will give Nvidia, one of the largest chip makers, control over the technology that its competitors depend on when designing their chips.

“The FTC says in its complaint that there will be ways and incentives for the affiliated company to suppress the next generation of innovative technologies, including data centers or assist systems in the car.” The commission said.

The UK Antitrust Competition and Markets Authority (CMA) has previously launched a comprehensive investigation into the transaction. The acquisition must be approved by the European Union and China. Concerns such as Qualcomm, Intel, Microsoft and Google, all of which depend on the ARM framework for the development of their chips, were opposed to the acquisition. Instead, the merger was backed by US chip maker Broadcom.

(1 euro = 1,1291 US dollars)