Tuesday, May 24, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Tech | Nvidias Takeover Of Arm Raises Antitrust Concerns Uk Watchdog

Nvidia’s takeover of Arm raises antitrust concerns: UK watchdog

By IANS
Published: Published Date - 10:24 AM, Sat - 21 August 21
Arm's IP is used by companies that produce semiconductor chips and related products, in competition with Nvidia.

London: The UK’s anti-trust watchdog has raised serious concerns about graphics giant Nvidias $40 billion takeover of Softbank-owned British chip designer ARM.

The UK’s Competition and Markets Authority (CMA) said that it has determined that an in-depth investigation into the deal between Nvidia and Arm is warranted on competition grounds.

“Should the deal go ahead, the CMA is concerned that the merged business would have the ability and incentive to harm the competitiveness of Nvidia’s rivals by restricting access to Arm’s intellectual property (IP),” the watchdog said in a statement late on Friday.

Arm’s IP is used by companies that produce semiconductor chips and related products, in competition with Nvidia.

“Ultimately, the CMA is concerned this loss of competition could stifle innovation across a number of markets, including data centres, gaming, the ‘internet of things’, and self-driving cars. This could result in more expensive or lower quality products for businesses and consumers,” the regulator stressed.

“We’re concerned that Nvidia controlling Arm could create real problems for Nvidia’s rivals by limiting their access to key technologies, and ultimately stifling innovation across a number of important and growing markets. This could end up with consumers missing out on new products, or prices going up,” said Andrea Coscelli, chief executive of the CMA.

Nvidia CEO Jensen Huang admitted for the first time this week that the company’s acquisition of Arm may take longer than the initially-scheduled 18 months.

“Our discussions with regulators are taking longer than initially thought, so it’s pushing out the timetable,” Huang told The Financial Times.

According to Coscelli, the chip technology industry is worth billions and is vital to products that businesses and consumers rely on every day.

“This includes the critical data processing and datacentre technology that supports digital businesses across the economy, and the future development of artificial intelligence technologies that will be important to growth industries like robotics and self-driving cars.”

In one of the biggest tech deals, Nvidia in September last year confirmed it was acquiring UK chip maker Arm for $40 billion with an aim to create a premier computing company for the age of artificial intelligence (AI).

The deal would consolidate its position at the centre of the semiconductor industry. While it is the leader for GPUs, it has little to do with CPU design or mobile hardware where Arm is one of the leaders.

  • Follow Us :
  • Tags
  • Andrea Coscelli
  • Coscelli
  • London
  • Markets Authority

Related News

  • KTR visits TRS NRI cell president’s home

  • India’s young population is its strength: KTR

  • Telangana gateway to investments in India

  • KTR arrives in London to meet industry leaders

  • KTR leaves for UK, Davos to showcase investment opportunities in Telangana

  • ‘Gold-plated Nintendo Wii’ is again up for auction

Latest News

  • Opinion: The new cold war will be fiercer

    3 hours ago
  • Editorial: Opening doors for regional cooperation

    4 hours ago
  • Cyber fraudsters swindle Rs 2.7 crore using ‘investment bait’ in Cyberabad

    4 hours ago
  • IPL 2022: Gujarat Titans qualify for final with seven-wicket win over RR

    4 hours ago
  • Nutreat offers healthy, nutritious food using traditional techniques

    4 hours ago
  • Q&A session on steps to achieve success amid competition in TT, NT’s awareness programme

    4 hours ago
  • Telangana’s Lavanya makes it to Indian team for U-20 Asian Volleyball Championship

    5 hours ago
  • Think positive, improve skills experts tell aspirants in TT, NT’s awareness programme

    5 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam