Nvidia gives EU concessions over $54 billion Arm deal By Reuters

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© 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.

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