Rogue Arm China CEO says failed Nvidia buyout bid ‘could be a better path for Arm’

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In an interview with JW Insights (thanks Tom’s Hardware), embattled CEO and chair of Arm China, Allen Wu, stated that the failure of Nvidia’s $40 billion bid to purchase Arm was a great factor for the corporate and the chip business. UK-based chip maker Arm presently has plans to go public, which might be a tough highway as a result of public authorized drama round Arm China. After an inner investigation decided that Wu did not disclose conflicts of curiosity, he was voted out, however stays in cost in the meanwhile attributable to a authorized loophole. Arm owns 49 p.c of Arm China.

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Nvidia stepped away from the Arm acquisition in February due to “vital regulatory challenges,” in accordance with a press launch despatched by the corporate. These challenges embody a 2021 lawsuit filed by the US Federal Trade Commission in opposition to Nvidia, which alleged that the takeover would make the corporate too large and highly effective and would stifle competitors. The UK additionally investigated the deal.

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