UK expected to investigate Nvidia’s bid for ARM on national security grounds

November 14, 2021 admin Stock News 0

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

(Reuters) – UK ministers are expected to order an in-depth investigation of Nvidia (NASDAQ:) Corp’s planned 30 billion pounds($40.24 billion)acquisition of British chip designer ARM over antitrust and national security concerns, the Sunday Times.

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

($1 = 0.7455 pounds)

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