The Strategist

UK probes $40B deal between Nvidia and Arm for national security implications


04/20/2021 - 03:56



The UK’s Department for Digital, Culture, Media & Sport has officially announced the start of a review of a planned merger between US corporation Nvidia and UK microprocessor maker Arm Holdings.



Lephafta~commonswiki
Lephafta~commonswiki
The ministry said in a statement that it was reviewing the deal "in the interests of national security".

In September 2020, Nvidia agreed to buy Arm from Japan's Softbank for $40 billion. The parties have allocated 18 months to complete the merger in time to resolve all issues with watchdogs. 

It was unofficially reported as early as February that the EU and UK intend to investigate the deal, given the growing importance of Arm, which is used in almost all smartphone processors and other devices.

The deal will be conducted in conjunction with the UK Competition and Markets Authority, which is due to submit a final report by 30 July, after which the UK government will make a final decision.

Nvidia's shares gained 3.6 per cent on the NASDAQ stock exchange following reports that the merger was being reviewed by the UK authorities.

source: bbc.co.uk




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