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Nvidia Offers EU Concessions

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Nvidia Offers EU Concessions

Benzinga

2 Views • Oct 06, 2021

Description

Nvidia ($NVDA@US) is struggling to complete an acquisition of British chip designer Arm. A European Commission filing from Wednesday shows that Nvidia is prepared to offer concessions to gain antitrust approval with the Commission setting a deadline of October 27th to approve or decline the deal. For its part, Nvidia says it will operate Arm as a neutral entity. Even so, others in the semiconductor industry worry this is part of Nvidia’s plan to consolidate power. Nvidia stock rose over 3 and a half percent after the announcement.

Keywords & Tags

#semiconductor #finance #business #tech #big tech #acquisition #European Commission #Nvidia #technology company #Deal #British #decline #EU Concessions #54 Billion Deal #Arm #Antitrust Approval #graphics processing units #chip designer #approve #semiconductor industry #cloud gaming

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