UK considers blocking Nvidia’s takeover of Arm over potential national security risks

//UK considers blocking Nvidia’s takeover of Arm over potential national security risks

UK considers blocking Nvidia’s takeover of Arm over potential national security risks

The UK is considering blocking a takeover of Arm Ltd by Nvidia Corp due to potential risks to national security, according to people familiar with the discussions.Nvidia, the biggest US chip company by market capitalisation, announced in September a US$40 billion deal to acquire Arm from Japan’s SoftBank Group Corp, as part of a push to spread its reach in the surging market for semiconductors. SoftBank has been selling assets to raise cash for buy-backs and fresh investments in start-ups.In…

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By | 2021-08-04T02:53:18+00:00 August 4th, 2021|Technology|Comments Off on UK considers blocking Nvidia’s takeover of Arm over potential national security risks