UK government to probe Nvidia-Arm deal
The UK government has announced it will investigate US semiconductor giant Nvidia's $40 billion acquisition of Cambridge-based chipmaker Arm.
Using powers provided by the 2002 Enterprise Act, digital secretary Oliver Dowden has served a public intervention notice in order to probe the Nvidia and Arm deal for national security ramifications.
As part of the investigation, Dowden has asked the Competition and Markets Authority to compile a report outlining the potential competition and security implications posed by the planned deal. The CMA must submit its report by midnight on July 30th.