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Home Tech

Concerns about Nvidia’s acquisition of Arm raised by US regulator.

by Jigyasa Prashar
November 18, 2021 - Updated On November 19, 2021
in Tech, World
Reading Time: 2 mins read
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The US has expressed concerns about Nvidia’s controversial acquisition of UK chip design company Arm from SoftBank, adding cramp to a deal that has formerly sparked fierce resistance on the other side of the Atlantic.
The news that American regulators shared European worries came just a day after the UK opened a competition and national security disquisition into the deal. Late this month, the European Commission began its extensive review. Despite signals that authorities would try to stop the purchase, Nvidia said on Wednesday that it still believes “in the graces and benefits of the acquisition to Arm, its licensees, and the industry.”
When Nvidia announced its latest quarterly earnings to Wall Street late on Wednesday, it revealed the opposition from American regulators. The Federal Trade Commission had” raised concerns” about the Arms deal, and the company was in talks with the government about” remedies to resolve those concerns,” according to the statement. The American chipmaker refused to say what urged the resistance or what compromises it had made. Some big American tech companies are opposed to the agreement, which was announced 14 months ago. They’re concerned that Nvidia will limit their access to Arm’s chip designs, giving it a foul advantage in big semiconductor areas like data centers and motors.
According to one individual familiar with the situation, Nvidia has formerly made an offer to UK and EU regulators to commit not to cut off Arm’s customers or change the list of Arm goods they’ve access to. The offer, still, was inadequate to help London and Brussels from getting along with their disquisitions, and the UK’s Competition and Markets Authority has stated that it doesn’t believe any “behavioral” remedies like this can be effective. Nvidia may face fresh difficulties in China, where local chipmakers are said to have expostulated to controllers over the purchase. Although the purchase had been “under evaluation” by Chinese regulators, the business said on Wednesday that a formal antitrust process hadn’t yet begun there.

Wall Street’s current surge of enthusiasm for Nvidia has been ingenuous by the mounting issues circling the Arm accession. Its stock has risen by roughly 130 percent in the 14 months after the planned accession was revealed, valuing the company at more than$ 730 billion dollars. Nvidia’s after-tax earnings increased by 84 percent to$2.46 billion, or 97 cents per share, in the most recent quarter. Earnings per share increased to$1.17 on a Pro-forma basis, six cents ahead of estimates, according to Wall Street.

Tags: #american#armsacquisitionChinaChineseNewsNvidiatechUSA
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