UPDATE 4-U.S. FTC sues to block Nvidia deal to buy Arm [Reuters]
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Source: Reuters
SAN FRANCISCO/WASHINGTON, Dec 2 (Reuters) - The U.S. Federal Trade Commission on Thursday sued to block U.S. chip company Nvidia Corp's (NVDA.O) more than $80 billion planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal. The FTC said the proposed 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. The deal has been widely expected to fall apart after facing opposition in the chip industry. British regulators said last month they would launch an in-depth probe of the deal, and it is also under scrutiny in the European Union. Arm licenses its chip architecture and blueprints to major chipmakers 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 it would "work t
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