EC to Probe Nvidia-Arm Deal

EC to Probe Nvidia-Arm Deal

Foto: Fotolia

Nvidia will face a European roadblock to an acquisition of UK-based chip designer Arm. European Commission set a provisional deadline of 27 October to officially respond to an application Nvidia submitted early last month.

EC confirmed reports the Nvidia had offered various commitments around preserving competition last week. But Reuters reported the EC is unconvinced by the arrangements Nvidia offered and is likely to move to a full-scale investigation of the deal. The Commission had not asked rival chip companies or customers to respond to Nvidia’s pledges, which  suggests the regulator was dissatisfied.

If the report proves accurate it would be another hurdle to Nvidia’s increasingly contentious move for Arm. The greatest opposition currently stems from the UK Competition and Markets Authority, though the proposed takeover also faces regulatory scrutiny in the US and China. US authorities have reportedly faced pressure to block the deal from big names including Google and Microsoft, while rival chip companies Intel and Qualcomm expressed an interest in Arm if the Nvidia move falls short.

More from category

TSMC to Invest $40 Billion in US Chip Plants

TSMC to Invest $40 Billion in US Chip Plants

8 Dec 2022 comment

Taiwan Semiconductor Manufacturing Co (TSMC) confirmed it will expand chip production in the US.

European Council Makes Headway Towards EU Digital Wallet

European Council Makes Headway Towards EU Digital Wallet

7 Dec 2022 comment

The European Council adopted its common position on the proposed legislation regarding the framework for a European digital identity (eID).

AT&T Settles to Pay $6.3 Million Over SEC Lawsuit

AT&T Settles to Pay $6.3 Million Over SEC Lawsuit

6 Dec 2022 comment

The US operator AT&T agreed to pay the US Securities and Exchange Commission (SEC) $6.3 million.