EU regulators pause investigation into Nvidia, ARM deal


FILE PHOTO: The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith

BRUSSELS (Reuters) - EU antitrust regulators have temporarily halted their investigation into Nvidia's bid for British chip designer ARM, the largest ever chip deal, as they await more information, according to a European Commission filing.

The European Commission stopped the clock on its previous deadline on Nov. 25. Such delays have been common since the COVID-19 pandemic as companies try to gather data from customers struggling with lockdown restrictions and staff shortages.

The deal hit its biggest hurdle last week when the U.S. Federal Trade Commission sued to block Arm's acquisition by U.S. company Nvidia, the world's biggest maker of graphics and artificial intelligence (AI) chips.

The U.S. move came two months after the EU competition watchdog warned the deal could push up prices, reduce choice and innovation.

British antitrust agency CMA has also said it would open a full-scale investigation into the deal.

(Reporting by Foo Yun Chee; Editing by Edmund Blair)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

Are electric cars more prone to rust?
Twitter says two security team leaders leaving company
Google asks judge to dismiss most of Texas antitrust lawsuit
Workers at Activision Blizzard-owned studio Raven say they have formed union
Pelosi says House will soon introduce competitiveness bill to boost chip investment
Europe kept waiting as Intel commits to new U.S. chip factories
iPhone maker Foxconn seals EV partnership with Indonesia
Analysis-Netflix's modest growth forecast casts pall over streaming
Intel to invest $20 billion to build manufacturing plants in Ohio
Twitter still won’t say how it fights hate speech in France despite court orders

Others Also Read


Vouchers