October 27, 2021
BRUSSELS (Reuters) – EU antitrust regulators opened on Wednesday a four-month long investigation into Nvidia’s $54 billion bid for British chip designer ARM, saying the deal could lead to higher prices, less choice and reduced innovation.
The European Commission said concessions offered by the world’s biggest maker of graphics and artificial intelligence (AI) chips during its preliminary review were insufficient to address its concerns, confirming a Reuters story.
The EU competition enforcer set a March 15 deadline for its decision.
(Reporting by Foo Yun Chee; Editing by Philip Blenkinsop and David Clarke)
Source Link EU to investigate Nvidia’s $54 billion ARM bid, says deal may harm competition