Qualcomm Objects To Nvidia's $40 Billion Arm Acquisition

U.S. chipmaker Qualcomm has told regulators around the world that it is against Nvidia's $40 billion acquisition of British chip designer Arm, CNBC reported Friday, citing sources familiar with the matter. From the report: The company has told the Federal Trade Commission, the European Commission, the U.K.'s Competition and Markets Authority and China's State Administration for Market Regulation that it has concerns about Nvidia buying Arm, which is currently owned by Japanese tech giant SoftBank. The FTC's investigation has moved to a 'second phase' and the U.S. regulator has asked SoftBank, Nvidia and Arm to provide it with more information, according to two sources who are familiar with the deal but wished to remain anonymous due to the private nature of the discussions. Complying with the information request is likely to take many months as several large documents will need to be produced, the sources said. During the second phase, the FTC will also engage with other companies who may have relevant information that could help it to make a decision, they added.

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