June 14, 2024

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EU expands initial arm takeover investigation, Nvidia offers concessions – IT Pro – News

The European Commission has extended its initial investigation into Nvidia’s acquisition of ARM until October 27. Nvidia has also offered the European Union concessions, although it is not clear what that will entail.

The European Commission reported this week in a deposit That Nvidia offered concessions, writes Bloomberg. The European Commission then extended the deadline for a decision on the deal to October 27. The EU does not disclose exactly what concessions Nvidia has made.

Reuters reports That Nvidia and Arm’s customers and competitors will now have the opportunity to provide feedback on the acquisition before the European Commission decides whether or not to accept the concessions. If not, the European Union may open a more in-depth investigation for a period of four months.

Arm customers and Nvidia competitors have criticized the proposed acquisition in recent months. They fear, among other things, that Arm’s open licensing model will be hacked. Companies like Microsoft, Google, and Qualcomm They expressed their concerns in supervisors.

Nvidia made a takeover offer early September to the European Commission. This allowed the European Union to begin its investigation into the takeover, after which it would issue its first ruling a few weeks later. The European Commission initially set a deadline of October 13 for this, although this has now been extended by two weeks.

In addition to the European Union, competition authorities are investigating several other countries in the acquisition. The British market watchdog is critical of the takeover, and has previously indicated that it Want in-depth research to its possible consequences. early August Bloomberg Books that arm uk You may want to stop On the basis of “potential risks to national security”. The market regulator in China is investigating the acquisition. the information He previously wrote that China plans to “postponed” the acquisition. Nvidia initially stated that the company aimed to complete the acquisition of Arm by March 2022, but it is not known if this will be successful.

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