FTC sues Nvidia to stop its takeover of Arm

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The US Federal Commerce Fee has filed a lawsuit to dam Nvidia’s acquisition of UK-based chip designer and provider Arm Restricted. Nvidia first introduced the acquisition in September 2020, when Nvidia CEO Jensen Huang stated the merger “will create an organization fabulously positioned for the age of AI.” However in November 2021 the UK authorities launched an investigation into the deal over nationwide safety and provide chain issues, and shortly afterwards the US started scrutinizing the deal as effectively.

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Because of that scrutiny, the FTC has now decided that the mixed firm could be too massive and highly effective, giving it each the means and the motivation “to stifle progressive next-generation applied sciences.”

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