Nvidia Corp approaches Chinese competition regulators to approve $40 billion deal to acquire UK chip designer Arm

On Tuesday, a report from the Financial Times states, Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion acquisition of UK chip designer Arm.

“The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months”, said the report citing Chinese antitrust lawyers.

Last month Nvidia said, it expects to close the Arm acquisition by March 2022 following a deal with Japan’s SoftBank Group in September 2020.

Earlier this year in February, a report from Bloomberg News said, the U.S. Federal Trade Commission has opened an investigation into Nvidia’s agreement to acquire Arm.

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