The 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.
The Federal Trade Commission sued to block Nvidia Corp.’s proposed $40 billion acquisition of Arm Ltd. on Thursday.
“Tomorrow’s technologies depend on preserving today’s competitive, cutting-edge chip markets,” FTC Bureau of Competition Director Holly Vedova said in a statement. “This proposed deal would distort Arm’s incentives in chip markets and allow the combined firm to unfairly undermine Nvidia’s rivals.
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