Ouch! NVIDIA finally loses in Arm wrestling contest
US buyout of UK chip designer collapses as $66 billion acquisition abandoned UK, US and EU regulators condemned the deal as ‘anti-competitive’
Stay updated with breaking news from Simon Segars. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
US buyout of UK chip designer collapses as $66 billion acquisition abandoned UK, US and EU regulators condemned the deal as ‘anti-competitive’
Regulatory concerns killed the deal, Arm and Nvidia say.
SoftBank has dropped its plans to sell the British semiconductor and software design company Arm to U.S. chipmaker Nvidia. The Federal Trade Commission had sued to block the $40 billion deal.
SoftBank has dropped its plans to sell the British semiconductor and software design company Arm to U.S. chipmaker Nvidia. The Federal Trade Commission had sued to block the $40 billion deal.
Nvidia has officially given up on its plan to acquire fellow chip maker Arm for a record-setting $40 billion. Arm parent company, SoftBank, announced that the deal has been scrapped this week following "significant regulatory challenges".