EU opens investigation for Nvidia’s purchase of chip designer Arm
Category: #tech  By Pankaj Singh  Date: 2021-10-29
  • share
  • Twitter
  • Facebook
  • LinkedIn

EU opens investigation for Nvidia’s purchase of chip designer Arm

In recent reports, the European Union regulators have announced conducting an in-depth investigation for graphics chip maker Nvidia. The investigation will focus on Nvidia’s $40 billion purchase of chip designer Arm over the growing reports that it would reduce competition, adding to worldwide scrutiny of the deal.

Reportedly, the European Commission has expressed its distress over the fact that the combined company would have the incentive and ability to limit the access to technology from United Kingdom based Arm Ltd. The chip designs of this company dominate over maximum smartphones in the world.

The commission also known as EU’s best antitrust organization expressed its trouble about the deal which might increase the prices, limit innovation and offer less choice in the semiconductor industry.

Headquartered in Santa Clara, California, Nvidia Corp., had in the previous year announced its intentions of taking over Arm from the Japanese tech giant Softbank. Apparently, the deal raised serious questions regarding Arm, that it will ditch its business format of providing the chip designs to tech companies, including Nvidia’s opponents.

Margrethe Vestager, the EU Commissioner, commented that the aim of the investigation is to make sure that companies functioning in Europe get hold of the essential technology needed to produce state-of-the-art semiconductor products at beatable prices.

Nvidia reportedly expressed their will to address the ongoing concerns of the EU. The team also said that the latest deal will help in the growth of Arm and accelerate competition and innovation.

According to the reliable reports, Nvidia has promised to instate Arm’s headquarters in Cambridge, England and increase the British staff. It has also promised on open license model structure for Arms and to maintain customer neutrality while functioning.

About Nvidia

Nvidia Corporation is an American Multinational technology company based in California. The company’s forte lies in designing graphic processing units for the professional markets and gamers and manufactures chip units used in automotive market and mobile computing.

Source:- https://www.usnews.com/news/technology/articles/2021-10-27/eu-investigates-nvidias-purchase-of-chip-designer-arm

 

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With an experience as an insurance underwriter and a freelance writer under his belt, Pankaj Singh boasts of quite some expertise in the field of content creation. A qualified Post Graduate in Management, Pankaj has also completed a detailed course in Digital Marketin...

Read More

More News By Pankaj Singh

Escorts amps CAPEX to $51Mn for FY23; expects high e-tractors exports
Escorts amps CAPEX to $51Mn for FY23; expects high e-tractors exports
By Pankaj Singh

Escorts Ltd., an Indian engineering company that operates in the sectors of agricultural machinery, construction machinery, and railway equipment, has reportedly arranged CAPEX of around Rs 400 crore (USD 51 Million) for the current financial year in...

Hillstone unveils cloud workload protection platform ‘CloudArmour’
Hillstone unveils cloud workload protection platform ‘CloudArmour’
By Pankaj Singh

Hillstone Networks, an IT service management company, has recently announced the launch of its all-inclusive cloud workload protection platform (CWPP), Hillstone CloudArmour. According to sources, CloudArmour offers Hillstone’s enterprise-grad...

Whatfix announces takeover of Leap.is to extend mobile capabilities
Whatfix announces takeover of Leap.is to extend mobile capabilities
By Pankaj Singh

Whatfix, a SaaS-based platform that offers in-app guidance & performance support for web applications and software products, has recently announced that it is acquiring mobile-first onboarding and assistance platform, Leap.is (formerly known as J...