The UK government will now intervene in Nvidia s $40 billion purchase of Arm, says Oliver Dowden, secretary of state for digital, culture, media and sport. Though the decision does not immediately block the acquisition, it means the sale will face a higher level of scrutiny over its competition and national security effects.
The UK s digital secretary issued a public interest intervention notice, using legal powers in the Enterprise Act 2002, which let him intervene in overseas takeovers on national security grounds, exercising quasi-judicial powers.
Off the menu: Nvidia s planned aquisition of chip maker ARM may not reach the table. (Source: Konstantin Lanzet on Wikimedia CommonsCC3.0)
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