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…

SEC enforcing cyber security disclosures following SolarWinds cyber attack

According to two sources familiar with an SEC investigation, the regulator has opened an investigation into last year’s SolarWinds cyber attack; the probe is focusing on whether failed to disclose that they had been affected by the hack. Last week, the SEC sent investigative letters to a number of public issuers and investment firms requesting voluntary…

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…

U.S. International Trade Commission probing select devices made by Lenovo Group Ltd and Samsung Electronics Co Ltd

In a statement the U.S. International Trade Commission stated, it was probing certain LTE-compliant cellular devices made by China’s Lenovo Group Ltd owned Motorola Mobility and by Samsung Electronics Co Ltd, following a complaint. On February 1, 2021, an investigation was launched following a complaint filed by Austin, Texas-based Evolved Wireless LLC alleging infringement of…

Apple Korea offers $84.02 million to settle antitrust probe

On Monday, South Korea’s competition watchdog stated, Apple’s Inc South Korean unit has put forwards proposals to address antitrust concerns and has offered $84.02 million (100 billion won) in support programmes to small small businesses, consumers and others. The development comes in the wake of Apple Korea being investigated by the Korea Fair Trade Commission…

Hacker hit cruise operator Carnival Corp with ransomware, gain access to employee data

Cruise operator Carnival Corp disclosed, it has launched an investigation into a ransomware attack on one of its brand’s computer network systems. In a regulatory filing, Carnival, which operates AIDA, Carnival and Princess cruises among others, disclosed that through the attack hackers were able to gain access personal data of guests and employees. Carnival Corp…

DOJ indicts 4 members of China’s People’s Liberation Army for Equifax hack

In September 2017, credit reporting agency Equifax decided to come clean: it had been hacked and personal sensitive information of 143 million, which was later revised to 147.9 million, U.S. citizens had been compromised. The stolen personal data included names, date of birth, and Social Security numbers. Earlier this week on Monday, the U.S. Department…

State Attorney Generals to meet and coordinate with Justice Department over Google probe

According to two sources familiar with the matter at hand, U.S. state attorneys general are scheduled to meet Justice Department attorneys later this week to share information on their investigations into Alphabet Inc’s Google. Their probe revolve around Google’s monopolistic behavior that could harm consumers through its control of search traffic and online advertising markets.…