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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 Mark...

UK considers blocking chip company takeover 4 min. today at 07:03 US company Nvidia announced in September a $40 billion deal to acquire Arm, a UK-based semi conductor firm US company Nvidia announced in September a $40 billion deal to acquire Arm, a UK-based semi conductor firm Semiconductors are missing amid high demand Photo credit: Shutterstock The UK 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 capital...

UK may block Nvidia-Arm merger over security concerns The UK Government might block Nvidia Corp’s acquisition of British firk Arm Ltd., citing concerns over potential risks to national security. The government is currently toying with the idea of preventing the $40 billion merger between the chip designing giant and its Brit contemporary, as per reports by Bloomberg News. In response, Nvidia has said that it is working its way through the regulatory process in the country. Interestingly, the deal between the two companies has already been subjected to a stay order by Brussels, on behalf of ...

Chip giant Nvidia is the ninth-most valuable company in the S&P 500. With a market capitalization of almost $500 billion, the company is now worth nearly as much as semiconductor rivals Intel, Advanced Micro Devices and Qualcomm — combined. Could Nvidia soon wind up listed on the venerable Dow, too? There's a strong case to be made for Nvidia joining the Dow Jones Industrial Average, the most famous of market barometers. In fact, one could argue that Nvidia might be a better fit than current chip king Intel or stodgy tech giant IBM. To be sure, the chip maker's annual sales still pale in...

Author Bio What happened Shares of NVIDIA (NASDAQ:NVDA) gained 23.1% in value last month, according to data provided by S&P Global Market Intelligence. During June,  Broadcom, MediaTek expressed support for NVIDIA's $40 billion acquisition of Arm Holdings from  Softbank Group (OTC:SFTBF) (OTC:SOBK.Y). The proposed acquisition is currently making its way through a rigorous regulatory review process, but the vote of support from three of Arm's customers puts the deal one big step closer to being finalized. This news comes on top of incredible momentum NVIDIA has ri...