Nvidia gives EU concessions over $54 billion Arm deal By Reuters
© Reuters. FILE PHOTO: Nvidia Corporation logo is seen during Computex annual computer exhibition in Taipei, Taiwan on May 30, 2017. REUTERS / Tyrone Siu
From Foo Yun Chee
BRUSSELS (Reuters) – Nvidia has offered concessions to obtain EU antitrust clearance for its $ 54 billion acquisition of British chip designer Arm, a filing submitted to the European Commission on Wednesday showed.
The deal, announced last year by the world’s largest manufacturer of graphics and AI chips, has raised concerns in the semiconductor industry about whether Arm could remain a neutral player licensing intellectual property to customers and competitors.
The EU Competition Authority, which, according to its policy, did not disclose details of the concessions, set a deadline for its decision on October 27th.
It will now seek feedback from competitors and customers before deciding whether to accept the concessions, ask for more, or initiate a four-month investigation.
Nvidia (NASDAQ 🙂 has announced that it will retain Arm as a neutral technology supplier to allay concerns from customers such as Qualcomm (NASDAQ 🙂 Inc, Samsung Electronics (OTC 🙂 Co Ltd, and Apple Inc (NASDAQ :).
Arm customers Broadcom (NASDAQ :), MediaTek and Marvell (NASDAQ 🙂 are supporters of the deal.
Arm, owned by Japan’s SoftBank Group Corp, is a major player in the global semiconductor business. His designs power almost every smartphone and millions of other devices.
Disclaimer: Fusion Media would like to remind you that the data contained on this website is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. Therefore, prices may not be accurate and may differ from the actual market price, meaning that prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this data.
Fusion Media or any other person involved in Fusion Media assumes no liability for any loss or damage that might arise from reliance on the information contained on this website, including data, prices, charts and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment.