End of the Road? The Federal Trade Commission has filed a lawsuit against the acquisition of ARM by NVIDIA

by time news

Has the huge deal between NVIDIA and ARM come to an end, and not a happy ending for the company that is willing to pay $ 40 billion for the British processor technology company? The US Federal Trade Commission (FTC) is the newcomer to the line of regulatory bodies that oppose the deal. The commission officially announced over the weekend the definition of a lawsuit aimed at blocking the deal.

The decision in the prosecution committee was unanimous, and what makes it even more difficult for NVIDIA is that the administrative trial will only begin in almost a year, in August 2022.

The deal between NVIDIA and the Japanese Softbank Group, which owns shares in ARM, fails to obtain the approvals of regulatory bodies all over the world, when in the UK it is even treated as a direct security threat.

“Tomorrow’s technologies depend on the preservation of today’s competitive and advanced chip markets. This deal will distort ARM’s incentives in the chip markets and allow the combined company to unfairly challenge Nvidia’s rivals,” the commission said.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.