It’s official: Nvidia calls off $40 billion deal to buy Arm

Credit: Nvidia

• Nvidia has announced that it will no longer buy chip designer Arm.
• The graphics company cited major regulatory hurdles as a reason for the deal being called off.

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Back in September 2020, Nvidia announced a $40 billion deal to buy influential chip designer Arm from Japanese owner Softbank. Now, Nvidia has revealed that the deal is off, citing “significant regulatory challenges.”

The graphics company announced the termination of the deal in a news release on its website, saying there were major regulatory hurdles despite “good faith efforts” by the two firms. This statement comes after several regulatory bodies, including those in Europe and the US, either expressed concerns or took action against it.

via Android Authority https://ift.tt/m7qEDYn