Nvidia Likely Pulling Out of Arm Acquisition After Failing to Win Regulatory Approval
Nvidia is no longer planning to acquire chip maker Arm after failing to win approval for the venture, reports Bloomberg. Nvidia will "quietly" abandon the purchase because it has made no progress in gaining support from regulators and is facing an FTC lawsuit blocking the deal.
Nvidia in September 2020 announced plans to purchase Arm from SoftBank for $40 billion, but it was clear from the beginning that the purchase would be subject to regulatory scrutiny as Nvidia is a customer of Arm and Arm has many licensing deals with Nvidia competitors.
In December 2021, the United States Federal Trade Commission filed a lawsuit to prevent Nvidia from acquiring Arm as the purchase would give Nvidia control over computing technology and designs that rival firms rely on to develop competing chips. The FTC said that allowing the acquisition to move forward would stifle "innovative next-generation technologies" and would "unfairly undermine" Nvidia's competitors.
Chipmaker Qualcomm was one of the Nvidia competitors that objected to the purchase, and in February 2021, the San Diego-based company told the FTC, the European Commission, the UK Competition and Markets Authority, and China's State Administration for Market Regulation that the acquisition would allow Nvidia to become the gatekeeper for Arm's technology, preventing other chipmakers from using it.
With the deal looking unlikely to be approved, Nvidia is now telling partners that it does not expect the transaction to close. SoftBank is preparing for an initial public offering in case the Nvidia takeover does not happen, but Bloomberg says that both companies are continuing to speak with regulators at this time in the hopes that something might change.
Related Stories
A group of UK network operators have formally urged the UK's Competition and Markets Authority (CMA) to regulate iCloud Private Relay, claiming that Apple's privacy service is anti-competitive, potentially bad for users, and a threat to national security.
In its response to the CMA's Interim Report on mobile ecosystems, Mobile UK, a trade association of British mobile network operators,...
Apple says it will take 27% commission on purchases made in dating apps through third-party payment options in the Netherlands, in compliance with a Dutch regulatory ruling.
In an update on its developer support site, Apple said it would collect 27% commission instead of its usual 30% on transactions made in dating apps that use alternative payment methods. Apple says the decreased...
The United States Federal Trade Commission today announced that it has filed a lawsuit to block Nvidia from acquiring Arm in a deal worth $40 billion.
According to the FTC, the deal would give Nvidia, one of the largest chip companies, control over computing technology and designs that rival firms rely on to develop competing chips. The FTC believes an acquisition would stifle "innovative...
Much has been said about what consumers could see from Apple in 2022, but the company is also working on a handful of rumored products that aren't expected to be unveiled for at least another 12 months, and in some cases a lot longer. Of course, that's assuming they get released at all. Apple works on many potential products some of which ultimately never see the light of day. With that in...
The Netherlands' Authority for Consumers and Markets (ACM) has fined Apple five million euros for a third consecutive week for allegedly failing to satisfy the requirements it set regarding alternative payment systems for dating apps, according to Reuters.
The ACM today said it has still not received enough information from Apple to assess whether Apple has properly complied with the order,...
Apple has aggressively defended its ecosystem in a newly-published response to the UK's competition watchdog.
The UK's Competition and Markets Authority (CMA) today published Apple's response to its Interim Report on mobile ecosystems, as well responses from dozens of other companies, including Google, Microsoft, and Epic Games.
The detailed 47-page response from Apple aggressively...
Apple has been hit with its ninth €5 million ($5.5 million) fine in the Netherlands for ostensibly continuing to insufficiently meet new requirements regarding alternative payment systems for dating apps, Reuters reports.
The Dutch Authority for Consumers and Markets (ACM) said that Apple had sent it "new proposals" on Monday in an attempt to resolve the company's dispute over allowing...
As expected, Nvidia has officially abandoned efforts to acquire chip maker Arm after talks reportedly "collapsed" between the two parties on Monday, according to the Financial Times.
From the paywalled report:SoftBank and Nvidia said they had agreed to scrap the deal because of "significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by...
Popular Stories
The iPad will no longer be able to be used as a home hub following the launch of iOS 16, iPadOS 16, macOS Ventura, and the HomePod 16 software this fall, Apple confirmed today.
As discovered in iOS 16 code by MacRumors contributor Steve Moser, Apple says that the iPad will no longer be supported as a home hub. This information will be displayed in the Home app after updating to iOS 16.A home ...
CEO Tim Cook this week did an interview with China Daily, where he once again commented on on the future of augmented reality and hinted at Apple's work on an AR/VR headset. Render via designer Ian Zelbo Cook said that Apple is excited about the opportunities available with augmented reality, which is not too far off from prior comments that he's made, but he went on to say that people should ...
Apple today seeded the second betas of iOS 16 and iPadOS 16 to developers for testing purposes, and the new betas introduce new features and refine some of the changes that Apple made with the first iOS 16 release.
Subscribe to the MacRumors YouTube channel for more videos. Lock Screen Photo Wallpaper Customization
When customizing a photo on the Lock Screen, there are two new DuoTone and...
Since the release of iOS 14.2 in 2020, the iPhone has included a built-in Music Recognition feature in Control Center powered by Shazam. And with iOS 16, and also the iOS 15.6 beta, the feature has received a small but useful upgrade.
As noted by Twitter user @someone_andrew, songs identified with Music Recognition in Control Center finally sync with the Shazam app.
It also remains...
Apple today launched its annual "Back to School" promotion for college/university students in the United States and Canada. This year's promotion offers a free Apple gift card with the purchase of an eligible Mac or iPad, rather than free AirPods like last year. Apple is also offering students 20% off AppleCare+ plans during the promotion.
Apple is offering a $150 gift card with the purchase ...
Apple today seeded the second betas of upcoming iOS 16 and iPadOS 16 updates to developers for testing purposes, with the updates coming two weeks after Apple unveiled the new software at WWDC and released the initial betas.
Registered developers can download the iOS and iPadOS 16 profiles from the Apple Developer Center, and once installed, the betas will be available over the air. Given...
Apple is "likely" to announce its long-rumored mixed-reality headset as soon as January 2023, Apple analyst Ming-Chi Kuo has reiterated.
Concept render based on purported leaked information by Ian Zelbo In a detailed post on Medium, Kuo explained that Apple's headset will be a "game-changer" for the augmented-reality and virtual-reality market. Describing some of the headset's...
Top Rated Comments
We need a lot less consolidation, not more
The implication here is that the Apple homers often do not