FTC Sues to Prevent Nvidia from Acquiring Arm

Share post:

Amid global concerns, the United States Federal Trade Commission is taking action to successfully block chip company Nvidia from acquiring British chip technology provider Arm.

The FTC, made up of two Republicans and two Democrats, voted 4-0 in favor of challenging the proposed merger, arguing that the deal would exclude only Nvidia’s competitors because the company would be able to control computer technology and design once it acquired Arm.

According to the FTC, if Nvidia acquired Arm, the combined firm “would have the means and incentive to stifle innovative next-generation technologies, including those used to run data centers and driver-assistance systems in cars.”

There were mixed reactions to the deal from the semiconductor industry. While MediaTek and Broadcom supported the deal, other companies, including Qualcomm, expressed opposition to such a partnership.

For more information, read the original story in Reuters.

Featured Tech Jobs


Related articles

Canada’s privacy watchdog investigating hack at Global Affairs

Inquiry will look into adequacy of data safeguards at the federal

Sidebar: The powerful Digital Safety Commission

A look at the powers of the proposed five-person body charged with overseeing the Online

Proposed Canadian law puts burden on large internet providers to police child porn, hate

Designated social media providers, adult sites streaming services would have to remove some content withi

Cyber attack on Hamilton knocks out municipal phone, email

One of Ontario’s biggest cities is in the second day of dealing with a cyber attack. Hamilton, a municipality of about 570,000 on the shore of Lake Ontario, said Sunday it had suffered a city-wide phone and email “disruption” to municipal and public library services, which included the Bus Check Info Line and the HSRNow

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways