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-0.00105263157894729 -0.000309597523219709 -0.00190402476780189 -0.00216718266253866 0.00318885448916418 0.00236842105263171 -0.00263157894736832 -0.00541795665634675
Stock impact report

UPDATE 3-U.S. FTC sues to block Nvidia deal to buy Arm [Reuters]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: Reuters
SAN FRANCISCO/WASHINGTON, Dec 2 (Reuters) - The U.S. Federal Trade Commission on Thursday sued to block U.S. chip supplier Nvidia Corp's (NVDA.O) more than $80 billion planned acquisition of British chip design provider Arm. The FTC said the proposed vertical deal would give one of the largest chip companies control over computing technology and designs that competitors rely on to develop their own competing chips. Arm, Britain's most important tech company, licenses its blueprints to major chipmakers such as Apple Inc (AAPL.O) , Qualcomm Inc (QCOM.O) and Samsung Electronics Co Ltd (005930.KS) , underpinning the global smartphone ecosystem. Arm was sold to Japan's SoftBank (9984.T) in 2016. Nvidia said "as we move into this next step in the FTC process, we will continue to work to demonstrate that this transaction will benefit the industry and promote competition." Arm declined to comment. The deal has been widely expected to fall apart after facing opposition in the chip industry. Br Show less Read more
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