Nvidia's $40 billion deal for ARM dealt blow by UK regulator


FILE PHOTO: NVIDIA computer graphic cards are shown for sale at a retail store in San Marcos, California, U.S. August 14, 2018. REUTERS/Mike Blake

LONDON (Reuters) -Nvidia Corp's planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could damage competition and weaken rivals, and required a further lengthy investigation.

Struck in September last year, the deal for Britain's most important technology company by the world's biggest maker of graphics and AI chips sparked a swift backlash from politicians, rivals and customers.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Google is combining its Android software and Pixel hardware divisions to more broadly integrate AI
Apple pulls WhatsApp from China app store on Beijing request
UK police say they disrupted cyber fraud network that stole personal data from thousands
AI-powered World Health chatbot is flubbing some answers
Apple removes WhatsApp, Threads from China app store on government order
TSMC's Taipei-listed shares slide 6% on global chip outlook concerns
Gen Z and Millennials spend more on streaming than older generations
Netflix to stop reporting subscriber tally as streaming wars cool
Google consolidates its DeepMind and Research teams amid AI push
US power, tech companies lament snags in meeting AI energy needs

Others Also Read