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WASHINGTON – On Thursday, the Federal Trade Commission filed suit to block Nvidia’s $40 billion acquisition Arm, a chip company, has stalled one of the largest semiconductor industry deals in history.
The FTC said the deal between California-based chipmaker Nvidia and Arm, a British company that designs chips, would stifle competition and hurt consumers. The proposed deal would give Nvidia control over its computing technology and designs that rival companies rely on to develop competing chips.
“Tomorrow’s technologies depend on maintaining today’s competitive, cutting-edge chip markets,” said Holly Vedova, director of the FTC’s competition bureau. “This proposed deal will disrupt Arm’s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia’s competitors.”
Companies Announced merger in September 2020 He said the merger would put companies at the forefront of semiconductors for artificial intelligence.
This breaking news will be updated.
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