The US Federal Trade Commission (FTC) has filed a lawsuit to bar Nvidia from buying ARM for $ 40 billion, as the deal will stifle innovation and next-generation technology development.
According to the FTC, the deal will give Nvidia, one of the largest chip makers, control over the computing technology and designs that rival firms rely on to develop competing chips. The agency believes that this acquisition will stop the development of technology. The combined firm could “unfairly undermine” Nvidia’s competitors.
Nvidia announced plans to acquire ARM from SoftBank back in September 2020. The company then pledged to continue the ARM open-licensing model and remain neutral with other chipmakers, but this did not convince Qualcomm and other chip vendors who opposed the deal.
In February, Qualcomm told the FTC, the European Commission, the UK Competition and Markets Authority and the Chinese State Market Regulatory Administration that it opposed Nvidia’s acquisition of ARM.
The FTC has now sided with Qualcomm and has filed a lawsuit to bar Nvidia’s acquisition of ARM, as it could affect future technologies.
You can buy a new MacBook, iPhone, iPad or other Apple gadget at a bargain price in the store #… Our readers get a special discount on the Digger22 promo code.
Digger maintains a Telegram channel. Subscribe!