Google, Microsoft and Qualcomm protest Nvidia's acquisition of Arm
Some of the world’s largest technology companies are complaining
to US antitrust regulators about Nvidia Corp’s
acquisition of Arm because the deal will harm competition in an area of the
industry that is vital to their businesses.
Alphabet Inc’s Google, Microsoft Corp.
and Qualcomm Inc. are among companies worried
about the $40 billion deal and are urging antitrust officials to intervene,
said people familiar with the process who asked not to be identified because
they weren’t authorised to speak publicly. At least one of the companies wants
the deal killed. Nvidia shares fell as much as 3.1 per
cent in New York trading on Friday. The acquisition would give Nvidia control
over a critical supplier that licenses essential chip technology to the likes
of Apple, Intel, Samsung Electronics, Amazon.com and China’s Huawei.
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Australia
UK-based Arm is known as the Switzerland of the industry because
it licenses chip designs and related software code to all comers, rather than
competing against semiconductor companies. The concern is that if Nvidia owns
Arm, it could limit rivals’ access to the technology or raise the cost of
access.
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