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UK considers blocking Nvidia takeover of Arm over security

UK considers blocking Nvidia takeover of Arm over security
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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UK considers blocking chip company takeover

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 capitalisation, announced in September a $40 billion deal to acquire Arm from Japanâs 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. ....

United Kingdom , United States , Simon Segars , Donald Trump , Masayoshi Son , Oliver Dowden , Jensen Huang , Boris Johnson , Newport Wafer Fab Ltd , Arm Ltd , Nvidia Corp , National Security , Huawei Technologies Co , Alibaba Group Holding Ltd , Japan Softbank Group Corp , European Union , Qualcomm Inc , Intel Corp , Vision Fund , Devices Inc , Softbank Group Corp , United Kingdom Culture Secretary Oliver Dowden , Markets Authority , President Donald Trump , Wafer Fab Ltd , Minister Boris Johnson ,

UK gov "inclined to reject" Nvidia Arm takeover after CMA report - General Business - News

The news about a potential Nvidia/Arm deal has been simmering for quite some time, but it now looks like the UK Government might spoil the broth. Last September, we saw some leaks ahead of the official $40 billion Arm acquisition announcement from Nvidia. However, since that date there appears to have been some push-backs organised by various interested tech companies and governmental regulators. See here for previous coverage.
The UK government asked the Competition and Markets Authority (CMA) to prepare a report on the Nvidia/Arm deal, back in April. Particular focus was to be put on whether the deal might be anti-competitive, and the report should also consider any national security concerns emanating from the takeover. ....

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UK gov "inclined to reject" Nvidia Arm takeover after CMA report

The news about a potential Nvidia/Arm deal has been simmering for quite some time, but it now looks like the UK Government might spoil the broth. Last September, we saw some leaks ahead of the official $40 billion Arm acquisition announcement from Nvidia. However, since that date there appears to have been some push-backs organised by various interested tech companies and governmental regulators. See here for previous coverage.
The UK government asked the Competition and Markets Authority (CMA) to prepare a report on the Nvidia/Arm deal, back in April. Particular focus was to be put on whether the deal might be anti-competitive, and the report should also consider any national security concerns emanating from the takeover. ....

United Kingdom , Oliver Dowden , United Kingdom Government , Markets Authority , United Kingdom Culture Secretary Oliver Dowden , Advisory Board , ஒன்றுபட்டது கிஂக்டம் , ஆலிவர் டௌடந் , சாப்ட் பேங்க் , ஒன்றுபட்டது கிஂக்டம் அரசு , சந்தைகள் அதிகாரம் , ஒன்றுபட்டது கிஂக்டம் கலாச்சாரம் செயலாளர் ஆலிவர் டௌடந் ,

UK casts doubts over Nvidia's Arm acquisition over security risks

UK casts doubts over Nvidia's Arm acquisition over security risks
industryleadersmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from industryleadersmagazine.com Daily Mail and Mail on Sunday newspapers.

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