Bloomberg reports that NVIDIA has changed its mind about acquiring chipmaker ARM due to US and UK regulators opposing the deal.
In September 2020, NVIDIA announced plans to buy ARM from SoftBank for $40 billion, but it was clear from the start that the deal would be subject to scrutiny by international regulators, as the graphics card maker is an ARM customer.
In December 2021, the US Federal Trade Commission filed a lawsuit to prevent NVIDIA from acquiring ARM, as the purchase would give the company control over the computing technologies and designs rival firms rely on to develop their own chips. The FTC said the deal would stifle “next-generation technology innovation” and “unfairly undermine” NVIDIA’s competitors.
SoftBank is already gearing up for an initial public offering in case the NVIDIA takeover doesn’t go through, but Bloomberg notes that the two companies are still in talks with regulators in hopes of getting the deal approved.
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