August 15, 2022
Nvidia offers EU concessions over -billion arm deal

Nvidia has offered concessions in a bid to secure EU antitrust approval for the $54 billion (about Rs 4,05,180 crore) acquisition of British chip designer Arm, a European Commission filing showed on Wednesday. .

The deal, announced last year by the world’s largest maker of graphics and AI chips, has sparked concerns in the semiconductor industry about whether Arm can remain a neutral player licensing intellectual property to customers and rivals.

The EU competition promoter, which did not provide details of the concessions in line with its policy, set an October 27 deadline for its decision.

It will now seek feedback from rivals and customers before deciding whether to accept concessions, demand more or launch a four-month-long investigation.

Nvidia has said it will retain Arm as a neutral technology supplier as it aims to address concerns from customers such as Qualcomm, Samsung and Apple.

Arm customers Broadcom, MediaTek and Marvel are supporters of the deal.

The branch, owned by Japan’s SoftBank Group, is a major player in global semiconductors. Its designs power nearly every smartphone and millions of other devices.

© Thomson Reuters 2021

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