Nvidia Asks Chinese Regulators to Approve $40 Billion Arm Deal: Report

The deal was designed to reduce companies' incentives to shift profits to low-tax offshore havens.

Advertisement
By Reuters | Updated: 8 June 2021 12:49 IST
Highlights
  • The US FTC had opened an in-depth probe into Nvidia's agreement
  • Nvidia said last month it expects to close Arm acquisition by March 2022
  • Nvidia struck a deal with Japan's SoftBank in September 2020

The UK government said it will look into the national security implications of Nvidia's purchase

Nvidia has submitted an application to Chinese competition regulators to review a $40-billion (roughly Rs. 2,91,290 crores) takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter.

The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months, according to Chinese antitrust lawyers, the report added.

Advertisement

Nvidia said last month it expects to close the Arm acquisition by March 2022, after having struck a deal with Japan's SoftBank in September 2020.

In February, Bloomberg News reported that the US Federal Trade Commission had opened an in-depth probe into Nvidia's agreement to buy Arm.

Advertisement

In April, the UK government said it will look into the national security implications of Nvidia's purchase. Digital minister Oliver Dowden said he had issued a so-called intervention notice over the sale of Arm by Japan's SoftBank to Nvidia.

"As a next step and to help me gather the relevant information, the UK's independent competition authority will now prepare a report on the implications of the transaction, which will help inform any further decisions," he said.

Advertisement

© Thomson Reuters 2021


Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Nvidia, Arm
Advertisement

Related Stories

Popular Mobile Brands
  1. Realme 16x 5G India Launch Date Revealed; Key Specifications Teased
  2. Redmi K100 Pro Battery, Camera, Charging Specs Confirmed Ahead of Launch
  3. JBL Bar 1300MK2 Review
  4. Redmi K100 Pro Will Launch With This Custom Snapdragon Chipset
  5. Amazon Great Freedom Sale Deal Slashes iQOO 15 Price to Rs. 68,999
  6. ColorOS 17 Based on Android 17 to Skip These OnePlus Smartphones
  7. Apple Sampling Two New Displays for 20th Anniversary iPhone Lineup
  8. You Can No Longer Buy Airtel's Rs. 299 Prepaid Recharge Pack
  9. Oppo A7 Pro Max With a 10,000mAh Battery Debuts at This Price
  10. Dreame L50s Pro Ultra Review: Does Smart Cleaning Justify the Price?
  1. CMF Clip Pro Open-Ear Earbuds Launched With LDAC, Up to 32.5 Hours Battery Life: Price, Features
  2. Bitcoin Holds Above $64,000 as Lower Oil Prices Boost Crypto Sentiment
  3. Realme 16x 5G India Launch Date Announced; Teased to Feature MediaTek Dimensity 6300 SoC, 7,000mAh Battery
  4. Airtel Discontinues Rs. 299 Prepaid Recharge Pack Nearly One Year After Price Hike
  5. Google Pixel Watch 5 Leak Suggests Price, Colourways and Features Ahead of Launch
  6. Snapdragon 8 Elite Gen 5 V Series to Offer a Reduced GPU Compared to the Standard Variant
  7. EA Announces Completion of Acquisition by PIF, Silver Lake and Affinity Parters as New Owners Commit to AI
  8. Amazon Great Freedom Sale: iQOO 15 to Get Discounted With Bank and Coupon Offers
  9. Google Pixel 11 Pro Fold Leak Suggests That the Pixel Glow Feature Will Launch as ‘HiLight’
  10. Redmi K100 Pro to Pack 8,580mAh Si-C Battery; Camera Specifications Confirmed Ahead of Launch
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.