The FTC is suing to block U.S. chip supplier Nvidia’s proposed $40 billion takeover of U.K. chip design provider Arm. Nvidia stock fell. Read More...
The Hill
FTC sues Nvidia over $40 billion Arm acquisition
The Federal Trade Commission announced Thursday it was suing Nvidia over its $40 billion purchase of Arm, the largest acquisition of a semiconductor chip design company.Arm, owned by Tokyo-based Softbank, produces designs and computing technology for semiconductor chips, which are used to power most tech devices, from Iphones and laptops to computer systems in most vehicles.In a statement, the FTC argued that if the California-based Nvidia -…
