Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion acquisition of UK-based chip designer Arm, a European Commission filing showed.
The deal announced by world’s biggest maker of graphics and AI chips last year has sparked concerns in the semiconductor industry over whether Arm could remain a neutral player licensing intellectual property to customers and rivals.
The European Union competition enforcer, which did not provide details of the concessions in line with its policy, set an October the 27th deadline for its decision.
It will now seek feedback from rivals and customers before deciding whether to accept the concessions, demand more or open a four-month long investigation.
Arm, owned by Japan’s SoftBank Group Corp, is a major player in global semiconductors. Its designs power nearly every smartphone and millions of other devices.
The team at Platform Executive hope you have enjoyed the ‘Nvidia offers EU concessions over $54 billion Arm deal‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Foo Yun Chee. Editing by Louise Heavens and Jason Neely.
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