for $40 billion? That was all the way back in September 2020 and the deal would have merged the world's top graphics chip designer Nvidia with number three Arm . But Arm's largest business is the design of CPU cores that are used in chips.As usual for a deal of this importance and size, several regulatory agencies have to sign off on the deal. And some firms like Qualcomm sought to put the kibosh on the deal.
Nvidia spokesman Bob Sherbin says,"We continue to hold the views expressed in detail in our latest regulatory filings -- that this transaction provides an opportunity to accelerate Arm and boost competition and innovation." Reportedly, a final decision has yet to be made by both Nvidia and Arm. In China, the government is poised to block the deal if it gains approval in other countries. In some ways, this deal is similar to Qualcomm's attempted purchase of NXP Semiconductors for $44 billion. NXP's business focuses on automotive chips. All Qualcomm needed to get the deal done was approval from China, but after two years of waiting around for it,Speaking of Qualcomm, earlier in this story we told you that the company hoped to have Nvidia's purchase of Arm blocked.
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