Nvidia is preparing to abandon its purchase of Arm from SoftBank Group after offering about $40 billion (roughly Rs. 2,99,130 crore) for the British company in 2020, Bloomberg News reported on Tuesday, citing people familiar with the matter. The US chipmaker has told partners that it does not expect the deal to close, while SoftBank is stepping up preparations … Read more
The US Federal Trade Commission on Thursday sued to block US chip company Nvidia’s more than $80 billion (roughly Rs. 5,99,760 crore) planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal. The FTC said the proposed deal would give one of the largest chip companies control over computing … Read more
The US Federal Trade Commission on Thursday sued to block US chip company Nvidia’s more than $80 billion (roughly Rs. 5,99,760 crore) planned acquisition of British chip technology provider Arm, adding to already significant global regulatory challenges of the deal. The FTC said the proposed deal would give one of the largest chip companies control over computing … Read more
Cheryl Wilson went from running 5K races to struggling to walk a few blocks. When it happened, Wilson, a 63-year-old wellness coach from Chesapeake, VA, shrugged it off as a charley horse. But the pain persisted for weeks and made walking unbearable. So Wilson finally went to see her doctor. “Anytime I walked a short … Read more
Nvidia has offered concessions in a bid to secure EU antitrust approval for its $54 billion (roughly Rs. 4,05,180 crores) acquisition of British chip designer Arm, a European Commission filing showed on Wednesday. The deal announced by world’s biggest maker of graphics and AI chips last year has sparked concerns in the semiconductor industry over … Read more
Tesla Chief Executive Elon Musk has signaled competition concerns over Nvidia’s planned purchase of British chip designer Arm, the Telegraph reported on Saturday, citing multiple sources. E-commerce giant Amazon and smartphone maker Samsung have also lodged opposition to the deal with US authorities, the newspaper reported. Earlier this year, the US Federal Trade Commission opened an in-depth … Read more
Nvidia is likely to seek EU antitrust approval for its $54 billion (roughly Rs. 3,97,240 crores) takeover of British chip designer Arm early next month, with regulators expected to launch a full-scale investigation after a preliminary review, people familiar with the matter said. The world’s biggest maker of graphics and AI chips announced the Arm … Read more
Nvidia planned $40 billion acquisition of British chip designer ARM hit a major hurdle on Friday after a UK regulator found it could damage competition and weaken rivals, and required a further lengthy investigation. Struck in September last year, the deal for Britain’s most important technology company by the world’s biggest maker of graphics and … Read more
Nvidia on Wednesday said talks with regulators to clear its $40 billion (roughly Rs. 2,97,905 crores) proposed acquisition of British semiconductor technology firm Arm are taking longer than expected. The disclosure came as Nvidia, the world’s biggest maker of graphics chips for gamers and artificial intelligence chips for data centres, forecast third-quarter revenue above Wall … Read more
Nvidia on Wednesday said it opened what it claims is the fastest UK supercomputer to outside researchers that include both academic scientists and commercial firms such as AstraZeneca PLC and GlaxoSmithKline PLC. The chip supplier spent about $100 million (roughly Rs. 750 crores) on its Cambridge-1 system, which uses artificial intelligence to solve health research … Read more