Nvidia said it will seek the approval of the EU antitrust agency for a $54 billion arms deal

According to people familiar with the matter, Nvidia may seek EU antitrust approval for its US$54 billion (approximately Rs 397,240 crore) acquisition of the British chip designer Arm at the beginning of next month. Regulators are expected to launch a large-scale investigation after preliminary review. 

The world’s largest graphics and artificial intelligence chip manufacturer announced last year that it had reached a deal with Arms, which immediately caused a reaction from the semiconductor industry. Qualcomm, Samsung Electronics, and Apple. 

However, according to the introduction on its website, Nvidia stated that it has received support from Arm Broadcom customers, MediaTek and Marvell. Preliminary review within 25 working days. The source said that Nvidia is unlikely to make concessions during this period, which will prompt the European Union to conduct a comprehensive 90-working-day investigation. 

The British “Financial Times” previously reported that the European Union is preparing to launch a formal competition investigation into the planned acquisition early next month. This transaction may harm competition and weaken competitors, so a more extensive investigation is required. “This transaction will benefit Arm, its licensees, competition, and the industry. 

We are going through the regulatory process and look forward to working with the European Commission to resolve any issues they may have.” The department did not immediately respond to Reuters’ request for comment. 

Currently owned by Japan’s Softbank Group, is a major player in global semiconductors, which is a key sector in technologies ranging from artificial intelligence and quantum computing to telecommunication networks. 5G. Their design is compatible with almost all smartphones and millions of other devices.

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