NVIDIA CEO Jensen Huang in his usual leather jacket.
NVIDIA China’s regulators have been asked to approve the acquisition of British chip designer Arm for $ 40 billion, according to the company. Report Tuesday’s Financial Times article quoting sources familiar with the matter.
Nvidia, headquartered in Santa Clara, has reportedly filed an application with Chinese regulators in recent weeks. Arm did not immediately respond to CNBC’s request for comment. Nvidia said the regulatory process is confidential, but is confident that it will be “completed in early 2022” with approval.
When The contract was announced Last September, Nvidia and Arm said it would take about 18 months to complete. However, according to a Chinese antitrust lawyer quoted by the FT, it can take up to 18 months for Chinese regulators to reach a conclusion. UK, European and US regulators are also investigating the deal.
Arm has a joint venture called “Arm China” with Hopu Investments, a private equity fund in China. Arm China is headquartered in Shanghai. That is, China’s Department of Commerce and China’s National Market Regulatory Authority reserve the right to review the proposed Nvidia transaction.
Read the full text at the Financial Times Here..
Nvidia’s acquisition of Arm could be delayed by Chinese regulators: Report
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