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posted by martyb on Wednesday November 24, @12:41PM   Printer-friendly [Skip to comment(s)]
from the who-needs-competition dept.

Nvidia has revealed the US Federal Trade Commission (FTC) has expressed concerns over the company's $40 billion deal to acquire Arm that was announced in September last year.

Nvidia CFO Colette Kress said at the company's Q3 results call on Wednesday evening that the FTC was reviewing the deal, and that the company has been in talks with the US regulator about how it can alleviate concerns around the deal.

She added that some Arm licensees have expressed concerns or objected to the deal.

Nvidia's update about the FTC review comes a day after the UK government launched an in-depth antitrust investigation into the deal. The European Commission has also commenced an in-depth investigation into the deal.

Both the UK and European Commission investigations arose after initial reviews from both jurisdictions found the deal would lessen competition across various markets such as data centres, IoT, automotive sector, and gaming applications markets.

[...] Outside of the regulatory concerns around Nvidia's deal, the company revealed third-quarter revenues rose 9% to hit $7.1 billion, while net income jumped 84% to $2.46 billion.


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  • (Score: 2, Insightful) by Anonymous Coward on Wednesday November 24, @01:06PM (3 children)

    by Anonymous Coward on Wednesday November 24, @01:06PM (#1199195)

    The regulators hate it, Nvidia's competitors hate it, and Nvidia doesn't need to own ARM to develop ARM products.

  • (Score: 1, Insightful) by Anonymous Coward on Wednesday November 24, @01:10PM (1 child)

    by Anonymous Coward on Wednesday November 24, @01:10PM (#1199196)

    Not nearly as good as the good ole days with lots of separate competing suppliers.

    Not nearly as bad as some of the big clumps we now have. (Qualcomm, Facebook, and Google come to mind, but there are others in many industries.)

    If ARM has to be melded, the there are certainly worse alternatives.

    An interesting question is will RiscV make all this concern seem silly.

    • (Score: 0) by Anonymous Coward on Wednesday November 24, @07:01PM

      by Anonymous Coward on Wednesday November 24, @07:01PM (#1199284)

      Worse being Qualcomm and Broadcom and that's about it.

  • (Score: 5, Interesting) by Username on Wednesday November 24, @01:38PM (1 child)

    by Username (4557) on Wednesday November 24, @01:38PM (#1199198)

    She has said she will start making criminal referrals instead of fines for any corporate crimes. FTC finally got some balls.

  • (Score: 0) by Anonymous Coward on Wednesday November 24, @09:29PM

    by Anonymous Coward on Wednesday November 24, @09:29PM (#1199362)
    Of course they're concerned. They've never heard of this "nVidia" before. They might be two guys in a shed. The last thing the feds want is a repeat of War Dogs.
  • (Score: 0) by Anonymous Coward on Thursday November 25, @08:28PM

    by Anonymous Coward on Thursday November 25, @08:28PM (#1199634)

    "lessen competition" prolly means "less expensive for end-users" -aka- "less profits"?

  • (Score: 2) by hendrikboom on Friday November 26, @04:09PM

    by hendrikboom (1125) on Friday November 26, @04:09PM (#1199783) Homepage Journal

    So easy to confuse and arm deal with an arms deal.

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