Make Kitco Your Homepage

EU regulators pause investigation into Nvidia, ARM deal

Kitco News

BRUSSELS, Dec 6 (Reuters) - EU antitrust regulators have temporarily halted their investigation into Nvidia's (NVDA.O) bid for British chip designer ARM, the largest ever chip deal, as they await more information, according to a European Commission filing.

The European Commission stopped the clock on its previous deadline on Nov. 25. Such delays have been common since the COVID-19 pandemic as companies try to gather data from customers struggling with lockdown restrictions and staff shortages.

The deal hit its biggest hurdle last week when the U.S. Federal Trade Commission sued to block Arm's acquisition by U.S. company Nvidia, the world's biggest maker of graphics and artificial intelligence (AI) chips. read more

The U.S. move came two months after the EU competition watchdog warned the deal could push up prices, reduce choice and innovation. read more

British antitrust agency CMA has also said it would open a full-scale investigation into the deal.

Reporting by Foo Yun Chee; Editing by Edmund Blair
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.