A $40bn (\u00a329bn) takeover of UK chip designer Arm by US giant Nvidia will be subject to an in-depth inquiry by the UK’s competition watchdog.<\/p>\n\n\n\n
Citing security and competition concerns, Digital Secretary Nadine Dorries told the Competition and Markets Authority (CMA) to launch a phase two investigation.<\/p>\n\n\n\n
An initial inquiry by the CMA found “significant competition concerns”.<\/p>\n\n\n\n
Nvidia said, however, that the merger would boost competition and innovation.<\/p>\n\n\n\n
The firm said in a statement: “We will continue to work with the UK government to resolve its concerns”.<\/p>\n\n\n\n
“The phase two process will enable us to demonstrate that the transaction will help to accelerate Arm and boost competition and innovation, including in the UK”, Nvidia said.<\/p>\n\n\n\n
Europe launches investigation into Arm-Nvidia deal
\nTakeover of UK tech firm ‘raises serious concerns’
\nChips based on Arm’s designs are used in a wide range of applications, including in the silicon inside many Apple products.<\/p>\n\n\n\n
Announcing her decision, Ms Dorries said: “Arm has a unique place in the global technology supply chain and we must make sure the implications of this transaction are fully considered.”<\/p>\n\n\n\n
“The CMA will now report to me on competition and national security grounds and provide advice on the next steps.”<\/p>\n\n\n\n
In a letter to both Arm and Nvidia setting out the reasons for the decision, officials provided more detail on the national security concerns.<\/p>\n\n\n\n
It suggested that the deal could see a “potential reduction of the UK’s autonomy to develop, operate or support defence and security systems that utilise Arm IP (intellectual property)”.<\/p>\n\n\n\n
The deal also faces a competition probe by the European Commission.<\/p>\n","protected":false},"excerpt":{"rendered":"
A $40bn (\u00a329bn) takeover of UK chip designer Arm by US giant Nvidia will be subject to an in-depth inquiry by the UK’s competition watchdog. Citing security and competition concerns, Digital Secretary Nadine Dorries told the Competition and Markets Authority (CMA) to launch a phase two investigation. An initial inquiry by the CMA found “significant … Continue reading “Arm-Nvidia deal: UK orders further inquiry”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3581","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/posts\/3581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/comments?post=3581"}],"version-history":[{"count":1,"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/posts\/3581\/revisions"}],"predecessor-version":[{"id":3582,"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/posts\/3581\/revisions\/3582"}],"wp:attachment":[{"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/media?parent=3581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/categories?post=3581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tech-battery.com\/batteriesblog\/wp-json\/wp\/v2\/tags?post=3581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}