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Britain intervenes in Nvidia s $40 billion Arm takeover on national security concerns

Britain intervenes in Nvidia s $40 billion Arm takeover on national security concerns

UK intervenes in Nvidia s Arm takeover on national security grounds

The move has been taken to allow the government to explore any national security implications as a result of the deal. The CMA has until midnight at the end of 30 July 2021 to complete and submit the report to the secretary. “We want to support our thriving UK tech industry and welcome foreign investment, but it is appropriate that we properly consider the national security implications of a transaction like this,” said Dowden. A CMA spokesperson told IT Pro that the CMA will now seek input from interested parties on national security public interest grounds. This is in addition to its ongoing investigation on competition grounds.

Digital Secretary instructs CMA to look into NVIDIA s takeover of ARM

Digital Secretary instructs CMA to look into NVIDIA’s takeover of ARM Digital Secretary Oliver Dowden has issued a public interest intervention notice confirming that he is intervening in the proposed acquisition of ARM Limited by NVIDIA Corporation. From: Competition body to report on jurisdictional, competition and national security issues ‘Phase one’ investigation is the start of a process to examine the transaction Digital Secretary Oliver Dowden has today issued a Public Interest Intervention Notice (PIIN) in relation to the proposed sale of ARM to NVIDIA. He has written to the Competition and Markets Authority (CMA) to inform them of his decision and has instructed them to begin a ‘phase one’ investigation to assess the transaction.

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