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UK considers blocking Nvidia takeover of Arm over security
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Letters to the editor dated August 5, 2021 - The Hindu BusinessLine
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Aug 4, 2021
The U.K. is considering blocking a takeover of Arm Ltd. by Nvidia Corp. due to potential risks to national security, according to people familiar with the discussions.
Nvidia, the biggest U.S. chip company by market capitalization, announced in September a $40 billion deal to acquire Arm from Japan’s SoftBank Group Corp., as part of a push to spread its reach in the surging market for semiconductors. SoftBank has been selling assets to raise cash for buybacks and fresh investments in startups.
In April, U.K. Culture Secretary Oliver Dowden asked the Competition and Markets Authority (CMA) to prepare a report on whether the deal could be deemed anti-competitive, along with a summary of any national security concerns raised by third parties.
Synopsis
The airline venture, being planned as an ultra-low-cost carrier (ULCC), like Irish carrier Ryanair, is Ghosh s return to the aviation industry after he quit IndiGo in 2018 after a ten-year stint as its president and whole time director.
Aditya Ghosh,
IndiGo s former president and one of India s most successful airline chiefs, will join hands with ace investor Rakesh Jhunjhunwala, and
Jet Airways former CEO, Vinay Dube, as a co-founder of Akasa, the newest entrant-to-be in India s turbulent aviation industry, said multiple people in the know.
The airline venture, being planned as an ultra-low-cost carrier (ULCC), like Irish carrier Ryanair, is Ghosh s return to the aviation industry after he quit IndiGo in 2018 after a ten-year stint as its president and whole time director.
UPDATED: July 29, 2021 12:11 IST
Former Jet Airways CEO Vinay Dube (Left), fomer president of Indigo Aditya Ghosh (Centre) and ace investor Rakesh Jhunjhunwala (Right).
Aviation veteran and former president of IndiGo Aditya Ghosh will assist ace investor Rakesh Jhunjhunwala to launch an ultra-low-cost airline. The development comes after Rakesh Jhunjhunwala said he plans to start an airline with a fleet of 70 aircraft within the next four years.
Billionaire Rakesh Jhunjhunwala is planning to launch Akasa Air along with former Jet Airways CEO Vinay Dube. Reports suggest that the airline will be modelled similar to Irish ultra-low-cost Ryanair. It may be noted that it is one of the most successful and aggressive low-cost carriers in the world.
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