EU Watchdog Pauses Nvidia, ARM Deal Probe

EU antitrust regulators have temporarily halted their investigation into Nvidia’s bid for British chip designer ARM, the largest ever chip deal, as they await more information, according to a European Commission filing.

The European Commission stopped the clock on its previous deadline on Nov. 25. Such delays have been common since the COVID-19 pandemic as companies try to gather data from customers struggling with lockdown restrictions and staff shortages.

Related:  FTC Sues To Block Nvidia’s $40B Deal For UK’s Arm

The deal hit its biggest hurdle last week when the U.S. Federal Trade Commission sued to block Arm’s acquisition by US company Nvidia, the world’s biggest maker of graphics and artificial intelligence (AI) chips.

The US move came two months after the EU competition watchdog warned the deal could push up prices, reduce choice and innovation.

British antitrust agency CMA has also said it would open a full-scale investigation into the deal.

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.