Nvidia preparing to abandon $40bn Arm takeover
by Mark Sweney from Technology | The Guardian on (#5VD8C)
The largest ever semiconductor chip merger has been hit by regulatory hurdles and industry opposition
Nvidia is becoming increasingly resigned to giving up on its $40bn takeover of Cambridge-based chip designer Arm, as regulatory hurdles and industry opposition mounts, making it almost certain that the two-year time frame the companies aimed to complete the deal in will expire.
The contentious deal, the largest ever in the semiconductor industry, has become mired in seemingly insurmountable regulatory red tape on both sides of the Atlantic as well as in China since being announced in September 2020.
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