Record buy: A Nvidia project manager walks among the new building’s 246 triangular skylights in California. Nvidia wants to use its huge US$40bil acquisition Arm Ltd’s reach to expand its graphics chip business. — Bloomberg
NEW YORK: Nvidia Corp’s record deal to buy Arm Ltd will encounter major hurdles from regulators in countries sparring over trade and customers concerned the transaction will limit competition and unfairly favour Arm’s future owner.
After announcing the US$40bil agreement on Sunday, Nvidia CEO Jensen Huang and his counterpart at Arm, Simon Segars, defended the combination in briefings spanning several times zones. They both acknowledged their work is just beginning.
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