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Nvidia sinks after UK regulators say they will probe the firm s $40 billion takeover of British chipmaker Arm over national security concerns
Nvidia sinks after UK regulators say they will probe the firm s $40 billion takeover of British chipmaker Arm over national security concerns
Will DanielApr 20, 2021, 00:58 IST
Glassdoor
Nvidia stock sank as much as 4.2% on Monday after UK regulators said they are probing the
Arm deal.
An Nvidia spokesperson said: We do not believe that this transaction poses any material
national security issues.
Nvidia stock sank as much as 4.2% on Monday after UK regulators said they will probe the firm s proposed $40 billion takeover of British chipmaker Arm over national security concerns.
UK turning to legislation to get rid of mobile not-spots neowin.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neowin.net Daily Mail and Mail on Sunday newspapers.
Paul Lipscombe
The new proposals also look to speed up the rollout of 5G across rural communities
The UK government has today outlined plans to drastically improve mobile connectivity in rural areas across the country.
In the process, the government hopes the new plans will eliminate mobile signal blindspots, while also speeding up the rollout of 5G.
In a statement today, the government revealed a number of proposals for mobile companies to utilise in order to benefit rural communities.
This includes the major network operators being able to make new and existing masts up to five meters taller and two meters wider than current proposals.
UK intervenes in Nvidia s takeover of ARM on security grounds marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
BBC News
Published
image copyrightGetty Images/ARM
The UK government is to examine the sale of computer chip designer Arm Holdings to a US company on national security grounds.
Japan s SoftBank intended to sell the UK tech company to Nvidia for about $40bn (£29.5bn).
But Digital Secretary Oliver Dowden said he wanted the UK s competition watchdog to assess its implications. Following careful consideration of the proposed takeover, I have today issued an intervention notice, he said. As a next step and to help me gather the relevant information, the UK s independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions.