SoylentNews

takyon [soylentnews.org] writes:

FTC Crashes NVIDIA's Party by Suing to Block its $40 Billion Deal To Acquire Arm Holdings [wccftech.com]

NVIDIA is now facing the most stringent test yet to its planned acquisition of the chip designer Arm Holdings.

To wit, the US FTC is now suing NVIDIA to block the $40 billion deal. FTC Bureau of Competition Director, Holly Vedova, said in a statement:

"The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies."

Vedova went on to note:

"Tomorrow's technologies depend on preserving today's competitive, cutting-edge chip markets. This proposed deal would distort Arm's incentives in chip markets and allow the combined firm to unfairly undermine Nvidia's rivals."

Also at NYT [nytimes.com], The Verge [theverge.com], and Reuters [reuters.com].

Previously: Nvidia's $40 Billion ARM Acquisition: "All but Dead"? [soylentnews.org]
European Commission Extends Probe of Nvidia's Arm Acquisition [soylentnews.org]

Original Submission