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Nvidia Offers EU Concessions Over $54 Billion Arm Deal

Nvidia Offers EU Concessions Over $54-Billion Arm Deal

Nvidia has said it would maintain Arm as a neutral technology supplier.

By Reuters | Updated: 6 October 2021 15:52 IST

Nvidia Offers EU Concessions Over $54-Billion Arm Deal

Nvidia’s deal, announced last year, has sparked concerns in the semiconductor industry

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Highlights

Arm customers Broadcom, MediaTek, Marvell support the deal
The EU competition enforcer set an October 27 deadline for its decision
Arm is owned by Japan’s SoftBank Group

Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion (roughly Rs. 4,05,180 crores) acquisition of British chip designer Arm, a European Commission filing showed on Wednesday.

The deal announced by world's biggest maker of graphics and AI chips last year has sparked concerns in the semiconductor industry over whether Arm could remain a neutral player licensing intellectual property to customers and rivals.

The EU competition enforcer, which did not provide details of the concessions in line with its policy, set an October 27 deadline for its decision.

Nvidia Seeks EU Approval for Arm Deal, Decision Due October 13

It will now seek feedback from rivals and customers before deciding whether to accept the concessions, demand more or open a four-month long investigation.

Nvidia has said it would maintain Arm as a neutral technology supplier as it aims to allay concerns from customers such as Qualcomm, Samsung, and Apple.

Arm customers Broadcom, MediaTek and Marvell are supporters of the deal.

Elon Musk Signals Competition Concerns Over Nvidia-Arm Deal: Report

Arm, owned by Japan's SoftBank Group, is a major player in global semiconductors. Its designs power nearly every smartphone and millions of other devices.

Nvidia Said to Seek EU Antitrust Approval for $54-Billion Arm Deal

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