The Federal Trade Commission has sued to block US chipmaker Nvidia's proposed $40 billion takeover of UK chip design firm Arm, saying it would stifle competition and give the combined company too much control over chip technology and designs.
The Federal Trade Commission on Thursday sued to block US chipmaker Nvidia's proposed $40 billion takeover of UK chip design firm Arm, saying it would stifle competition and give the combined company too much control over chip technology and designs.
The lawsuit threatens to scuttle the world's biggest ever semiconductor merger, which had already been the subject of regulatory scrutiny abroad."Semiconductor chips power the computers and technologies that are essential to our modern economy and society," the FTC said in a statement.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
U.S. sues to block Nvidia merger with Arm, the largest semiconductor deal in historyThe FTC sued to block Nvidia’s proposed $40 billion acquisition of Arm. “This proposed deal would distort Arm’s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia’s rivals,” said FTC Bureau of Competition Director.
Les mer »
Grab's $40 bln Nasdaq debut to set tone for Southeast Asian tech listingsGrab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.
Les mer »
U.S. sues to block Nvidia merger with Arm, the largest semiconductor deal in historyThe FTC sued to block Nvidia’s proposed $40 billion acquisition of Arm. “This proposed deal would distort Arm’s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia’s rivals,” said FTC Bureau of Competition Director.
Les mer »
Nvidia's deal for ARM is dead --- how long until CEO Jensen Huang admits it?The Federal Trade Commission has joined in the chorus of government regulators opposing Nvidia Corp.'s proposed $40 billion acquisition of ARM Holdings Plc....
Les mer »
7 Street Style-Inspired Bags to Work Into the RotationThey’re all from Amazon (and under $40).
Les mer »
Grab's $40 bln Nasdaq debut to set tone for Southeast Asian tech listingsGrab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.
Les mer »