Nvidia Corp’s acquisition of Arm will harm competition: Elon Musk

Tesla’s CEO Elon Musk has been quoted by the Telegraph as saying, he is concerned over Nvidia Corp’s planned acquisition of British chip designer Arm since it could impact competition. Telegraph’s report also mentions that Amazon.com Inc and Samsung Electronics Co Ltd have also raised opposition to the deal with U.S. authorities. Earlier this year, the US FTC…

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…

Chipmaker Arm Holdings pauses spin-off of software business to parent SoftBank Group Corp

Chip designer Arm Holdings Ltd stated, it has put on hold the proposed transfer of two of its software businesses to its Japan-based parent SoftBank Group Corp. In July 2020, Arm had said it would transfer two units under its internet-of-things services group to its parent and aimed to complete the transfer by September. Arm…