US Federal Trade Commission sues Nvidia’s blocking of Arm’s purchase

Dec 2 (Reuters) – The US Federal Trade Commission filed a lawsuit on Thursday to block the acquisition of British chip supplier Arm by US semiconductor maker Nvidia Corp. for more than $ 50 billion.

“The FTC complaint alleges that the combined company would have the means and incentive to stifle innovative next-generation technologies, including those used for data centers and in-car driver assistance systems,” the FTC said in a statement. release.

Arm, Britain’s largest technology company that was sold to Japan’s SoftBank in 2016, licenses its projects to major chipmakers such as Apple, Qualcomm and Samsung Electronics, underpinning the global smartphone ecosystem.

Nvidia said that “as we move into this next step in the FTC process, we will continue to work to demonstrate that this transaction will benefit the industry and promote competition.” Arm declined to comment.

(Report by Kanishka Singh in Bengaluru; Edited in Spanish by Javier López de Lérida)

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