December 6, 2021
Brussels (Reuters) – EU antitrust regulators have temporarily suspended investigations into Nvidia’s bid on British chip designer ARM, according to documents submitted by the European Commission. This is the largest tip trading ever.
The European Commission has stopped the clock at the last deadline of 25 November. Such delays are common as companies have been trying to collect data from customers suffering from blockade restrictions and staff shortages since the COVID-19 pandemic.
The deal reached its biggest hurdle last week when the Federal Trade Commission appealed to block the acquisition of Arm by U.S. company Nvidia, the world’s largest manufacturer of graphics and artificial intelligence (AI) chips. ..
The US move came two months after the EU’s competition watchdog warned that transactions could push prices up and reduce choices and innovation.
The UK antitrust body, CMA, has also said it will begin a full-scale investigation into the transaction.
(Report by Foo Yun Chee, edited by Edmund Blair)
EU regulator suspends Nvidia investigation, contracts with ARM
Source link EU regulator suspends Nvidia investigation, contracts with ARM