No products in the cart.

Sources: EU to investigate Nvidia’s $54 billion ARM bid

Bookmark (0)
To login to your account click here.
HomeLatest Platform NewsTechnology PlatformsSources: EU to investigate Nvidia's $54 billion ARM bid

Nvidia’s $54 billion bid for UK chip designer ARM is expected to face an extended EU antitrust investigation after concessions offered last week failed to address competition concerns, three people familiar with the matter said.

A European Union investigation would be the second setback for Nvidia coming two months after Britain’s antitrust agency warned that the deal for the country’s most important technology company could damage competition and weaken rivals.

The European Commission is scheduled to end its preliminary review on October the 27th and a four-month investigation into the deal would now follow, the people said.

A spokesperson for the European Commission declined to comment.

“The regulatory process is confidential. The transaction will help to transform Arm and boost competition and innovation, including in the UK,” Nvidia Corp, a US chipmaker headquartered in Silicon Valley, said.

The world’s biggest maker of graphics and artificial intelligence (AI) chips has offered “behavioural remedies” to the Commission, the people said, without providing details.

Such remedies usually refer to pledges by companies to take measures aimed at preserving competition.

Nvidia has said it would maintain ARM as a neutral technology supplier in a bid to allay concerns from customers such as Qualcomm, Samsung Electronics and Apple.

Related article:
US regulator sues Amazon, demands recall of hazardous products

The EU competition enforcer has not sought feedback from rivals and customers on the concessions, indicating that they were not sufficient, the people said.

Backers of the deal include ARM customers Broadcom, MediaTek and Marvell.

The UK is a sovereign nation and no longer part of the European Union.

The team at Platform Executive hope you have enjoyed the ‘[post_title]’ 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 Phil Blenkinsop and David Clarke.

You can stay on top of all the latest developments across the platform economy, find solutions to your key challenges and gain access to our problem-solving toolkit and proprietary databases by becoming a member of our growing community. Platform Executive has two membership tiers, Community (FREE) and Premium ($195 per year), which offer different levels of access to our products and services.