U.S. sues to block Nvidia's $40-billion chip takeover of Arm [Los Angeles Times (CA)]
NVIDIA Corporation (NVDA)
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Source: Los Angeles Times
The Federal Trade Commission said in a statement Thursday that the acquisition would deliver Nvidia vast sway over the market by giving it control over chip designs used by the world's biggest technology companies, including makers of smartphones, factory equipment and cars. “The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies,” Holly Vedova, director of the commission's Bureau of Competition, said in the statement. Business Nvidia buys SoftBank's Arm for $40 billion in biggest chip deal Nvidia Corp. said it agreed to buy SoftBank Group Corp.'s chip division Arm Ltd. for $40 billion, taking control of some of the most widely used technology in electronics in the semiconductor industry's largest-ever deal. Sept. 13, 2020 Advertisement Arm, owned by SoftBank Group Corp., is known as the Switzerland of the semiconductor industry. It licenses its tech
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