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August 4, 2021 01:25 am

UK Considers Blocking Nvidia Takeover of ARM Over Security

According to Bloomberg, the U.K. is considering blocking a takeover of Arm by Nvidia due to potential risks to national security. SoftBank announced plans to sell Arm to U.S. chip company Nvidia last September for more than $40 billion. It's been under investigation and protested ever since. Bloomberg reports: In April, U.K. Culture Secretary Oliver Dowden asked the Competition and Markets Authority (CMA) to prepare a report on whether the deal could be deemed anti-competitive, along with a summary of any national security concerns raised by third parties. The assessment, delivered in late July, contains worrying implications for national security and the U.K. is currently inclined to reject the takeover, a person familiar with government discussions said. The U.K. is likely to conduct a deeper review into the merger due to national security issues, a separate person said. No final decision has been taken, and the U.K. could still approve the deal alongside certain conditions, the people added. Dowden is set to decide on whether the merger needs further examination by the U.K.'s competition authorities. "We continue to work through the regulatory process with the U.K. government," said an Nvidia spokesperson in a statement. "We look forward to their questions and expect to resolve any issues they may have."

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