• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Nvidia seeks EU approval for Arm deal, decision due Oct. 13

September 8, 2021 by David Barret Leave a Comment

September 8, 2021

By Foo Yun Chee and Kate Holton

BRUSSELS/LONDON (Reuters) -Nvidia on Wednesday sought EU antitrust approval of its $54 billion takeover of British chip designer Arm, according to a European Commission filing, with regulators likely to echo worries similar to those voiced by the UK watchdog last month.

The world’s biggest maker of graphics and AI chips announced the deal last year, triggering concerns in the semiconductor industry over whether Arm could remain a neutral player licensing key intellectual property to customers and rivals.

Worried customers include Qualcomm Inc, Samsung Electronics Co Ltd and Apple Inc.

Arm customers Broadcom, MediaTek and Marvell are backing the deal.

“We are working through the regulatory process and we look forward to engaging with the European Commission to address any concerns they may have. This transaction will be beneficial to Arm, its licensees, competition, and the industry,” Nvidia said in a statement.

It has previously said it would maintain Arm as a neutral technology supplier.

The EU competition enforcer can clear the $54 billion deal with or without concessions after its preliminary review or it can follow up with a four-month long investigation if it has serious concerns.

Britain’s competition watchdog has warned that the deal could damage competition and weaken rivals, and required a further lengthy investigation.

Arm, owned by Japan’s SoftBank Group Corp, is a major player in global semiconductors, key to technologies from artificial intelligence and quantum computing to 5G telecoms networks. Its designs power nearly every smartphone and millions of other devices.

(Reporting by Foo Yun Chee in Brussels and Kate Holton in London; Editing by Bernadette Baum)

Source Link Nvidia seeks EU approval for Arm deal, decision due Oct. 13

David Barret
David Barret

Related posts:

  1. Britain’s Raab, in Qatar, says need to engage with Taliban on Afghanistan
  2. Deutsche Bahn takes striking train drivers’ union to court
  3. Singapore PM wins more defamation suits against bloggers
  4. Vietnam PM warns of long coronavirus fight as crisis deepens

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • SETI Paper Responds To Claims Interstellar Object 3I/ATLAS Might Be An Alien Spacecraft
  • Rare Chance To See “Pink Meanie” Jellyfish With 20-Meter Tentacles Blooming Off Texas
  • Stranded Dolphins’ Brains Show Signs Of Alzheimer’s-Like Disease
  • Natural Sweetener Stevia Could Help Bolster Common Hair Loss Treatment
  • “Dig Deep, And Persevere”: Number 16, The World’s Longest-Lived Spider, Died Aged 43
  • IFLScience The Big Questions: What Is Time And How Do We Measure It?
  • Marty Goddard: The History Of The Sexual Assault Kit
  • What’s Really Lurking In The Deep Dark Waters Of Loch Ness?
  • Another Comet 3I/ATLAS Record Got Us Asking: How Do We Know An Object Is Interstellar?
  • Scientists Read The Shells Of Clams That Live For 500 Years, And They Tell A Troubling Story
  • New Blood Test Offers Potential For “Simple, Accurate” ME/CFS Diagnosis, Researchers Claim – Other Experts Aren’t So Sure
  • In 1927, A Physicist Conducted A Mass Psychic Experiment Involving 25,000 People
  • Check Out This “Truly Exceptional” Fossil Of A Two-Headed Reptile That Lived 125 Million Years Ago
  • Longest Woolly Rhino Horn Ever Recovered Just Popped Out Of The Siberian Permafrost
  • Deer Can Learn Commands Like “Come”, But The Most Restless Ones In Class Take Longer To Learn
  • Is This Evidence Of The “Oldest Human Habit”? A New Study Has Different Ideas
  • Winds On Mars Are Faster Than Thought, Analysis Of 1,039 Dust Devils Shows
  • 400,000-Year-Old Fossil Shows Butchering Elephants Helped Early Humans To Supersize Their Tools
  • Ignore The Nonsense: Here Are The Real Images Of Interstellar Object 3I/ATLAS
  • This Rare Spider Is Half-Female, Half-Male Split Down The Middle – Oh, And A New Species
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version