UK Watchdog Begins Investigating Nvidias 40 Billion Takeover of Arm. The European Union is expected to begin an extended investigation of Nvidia’s 54 billion purchase of the UK’s chip designer ARM Holdings. London, Aug 21 (IANS): The UKs anti-trust watchdog has raised serious concerns about graphics giant Nvidias 40 billion takeover of Softbank-owned British. While analysts pointed out that the deal may pose a significant threat to Nvidia's data center peers Intel Corp and Advanced Micro Devices Inc, shares of the rival chip firms were little moved premarket. get your project in front of SourceForges nearly 30 million monthly users. The sale puts a vital supplier to Apple Inc and others across the industry under the control of a single player and faces likely pushback from regulators and rivals to Nvidia, the biggest U.S. "Although Nvidia had success in attaining regulatory approval from China for its Mellanox acquisition earlier in 2020, the magnitude and significance of this potential deal will undergo heightened scrutiny," Morningstar analyst Abhinav Davuluri wrote. In 2016, the influential semiconductor and software designer was acquired by Japanese conglomerate SoftBank Group for 32bn. Shares in SoftBank, under pressure for months after a torrid year dominated by the troubles of its WeWork shared office venture, jumped 10%.Ī host of analysts were quick to flag significant regulatory hurdles including from China for the buyout, which is seen to have big implications for the global semiconductor landscape. The CMA is inviting third parties to submit their initial views on the acquisition’s impact on competition, ahead of a formal investigation which will begin later this year. The deal vaults Nvidia into the very top echelon of the world's chip suppliers and its stock, which has more than doubled this year, gained 5.8% to $514.9 in early trading. (Reuters) - Shares of Nvidia Corp rose 6% on Monday after it announced a $40 billion(31.15 billion pounds) deal to buy UK-based chip designer Arm from Japan's SoftBank Group Corp that, if completed, would be the chip industry's biggest ever merger. ordering the UKs independent competition watchdog to begin a phase one investigation of the deal, which is worth 40 billion dollars (29.4 billion). Nvidia’s 40 billion acquisition of Arm is a hugely significant deal for the tech world, with implications that will take years to unravel spanning many areas of the sector.
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