The FTC is suing to block Nvidia’s $40 billion purchase of Arm
Nvidia’s $40 billion acquisition of Arm just ran into another massive hurdle: the Federal Trade Commission, which announced today that it’s suing to block the merger from going through due to concerns that the combined companies would “stifle competing next-generation technologies.” The suit comes after an FTC investigation into the deal following complaints from Google, Microsoft, and Qualcomm shortly after the merger was announced.
“The FTC is suing to block the largest semiconductor chip merger in history to prevent a chip conglomerate from stifling the innovation pipeline for next-generation technologies,” said FTC Bureau of Competition director Holly Vedova in a statement. “Tomorrow’s technologies depend on preserving today’s...