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9/14/2020, 2:53 PM (Source: TeleTrader)
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UK to investigate Nvidia's Arm acquisition - Johnson's spox

A spokesman for Prime Minister Boris Johnson said on Monday that the country’s government intends to run a thorough investigation regarding Nvidia’s acquisition of the British chipmaker Arm.

"We are investigating this deal further and ministers have spoken to the relevant companies," the spokesman said and added that "the enterprise act provides the government with powers to intervene in mergers where they raise concerns about national security, financial stability, media plurality and maintaining in the UK the capability to combat and to mitigate the effects of public health emergencies."

Nvidia Corp. Chief Executive Jensen Huang said earlier that Nvidia plans to invest in Britain and increase jobs there as part of the company's acquisition of chip designer Arm.

Breaking the News / TF