UK to investigate Nvidia’s ARM deal on national security grounds – The Sunday Times

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The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. REUTERS/Robert Galbraith/File Photo

Nov 14 (Reuters) – UK ministers are expected to order an in-depth investigation of Nvidia Corp’s (NVDA.O) planned 30 billion pounds ($40 billion)acquisition of British chip designer ARM over antitrust and national security concerns, the Sunday Times reported.

Britain’s Digital and Culture Secretary Nadine Dorries is expected to instruct the Competition & Markets Authority (CMA) to undertake a “phase two” probe of the deal next week, the report said.

The U.S. company agreed to buy ARM from Japan’s Softbank in September 2020, triggering a backlash from politicians, rivals and customers.

ARM’s technology is used by competing chipmakers, such as Qualcomm, Samsung Electronics and Apple, to produce their own processors.

Chipmakers worry that ARM will not retain its neutral player status under Nvidia’s ownership.

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