FTC Files Lawsuit to Block $40 Billion Nvidia Purchase of Arm

The Federal Trade Commission is suing to block Nvidia’s $40 billion acquisition of UK-based semiconductor IP firm Arm, claiming it would stifle competition and hurt consumers. In October, the European Commission cited like reasoning when it launched an investigation into the purchase. Arm licenses its chip and software technology to a about 500 companies, including Apple, Qualcomm, Samsung, TSMC and Nvidia. The major concern is whether the purchase would provide Nvidia an unfair competitive advantage. The global chip shortage and opposition on both sides of the pond dim the deal’s prospects. Continue reading FTC Files Lawsuit to Block $40 Billion Nvidia Purchase of Arm