Coverage dated December 1, 2021 to December 2, 2021
FTC sues to block Nvidia's $40 billion takeover of Arm
Headline from KVIA El Paso
By Rishi Iyengar, CNN Business The Federal Trade Commission on Thursday sued to block US chipmaker Nvidia’s proposed $40 billion takeover of UK chip design firm Arm, saying it would stifle competition and give the combined company too much control over chip technology and designs.
KVIA El Paso's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Federal Trade Commission announced Thursday it was suing Nvidia over its $40 billion purchase of Arm, the largest acquisition of a semiconductor chip design company.
The regulator says the deal would give the combined company too much power, hurt competition and raise prices for consumers. It comes as a global shortage of chips wreaks havoc on the economy.
By Rishi Iyengar, CNN Business The Federal Trade Commission on Thursday sued to block US chipmaker Nvidia’s proposed $40 billion takeover of UK chip design firm Arm, saying it would stifle competition and give the combined company too much control over chip technology and designs.
U.S. antitrust officials sued to block chipmaker Nvidia Corp.’s proposed $40-billion takeover of Arm Ltd., saying the deal would hobble innovation in semiconductors and undermine Nvidia’s rivals.
Like antitrust watchdogs in Britain and the European Union, the U.S. Federal Trade Commission is concerned the American company's proposed deal for U.K.-based Arm will undermine competition and harm innovation.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
FTC sues to block Nvidia's $40 billion takeover of Arm | Since Then
