An op-ed in China’s state-backed Global Times news outlet has said US chipmaker Nvidia’s proposed acquisition of Arm Ltd from Japan’s SoftBank Group Corp was “disturbing”, advocating for global regulators to exercise caution as they assess it for approval.
SoftBank Group, the Japan-based conglomerate said on Monday it had agreed to sell UK-based chip designer Arm to Nvidia Corp for as much as $40 billion in a deal set to reshape the global semiconductor landscape.
The Global Times op-ed said Chinese firms put on the US “entity list” risk becoming cut off by utilising Arm-based chips, whereas European firms using Arm might also face problems supplying China.
In May 2019, the US division of commerce placed Chinese tech giant Huawei Technologies on a listing of businesses that American businesses are barred by providing and servicing.
Before Nvidia can assume full control of Arm, anti-monopoly regulators in major markets must indicate approval of the transaction.
The team at Platform Executive hope you have enjoyed the ‘China state media outlet calls Nvidia’s Arm purchase ‘disturbing’‘ article. Initial reporting via our official content partners at Thomson Reuters. Reporting by Josh Horwitz. Editing by Kenneth Maxwell/
To stay on top of the latest developments across the platform economy and gain access to our problem-solving tools and comprehensive content sets, you can become a member for just $7 per month.